[Innsertnamehere]

That's what most concerns me in Hamilton. demolish first, think of development later. oops development didn't work out (Surprise!) now I have a very profitable parking lot. too bad.

Toronto doesn't allow new parking lots downtown for longer than a period of 2 years. after that, they either develop it or let it become a grass lot. (there of course is a grandfathering clause which allows existing parking lots to continue to operate) Additionally, a comprehensive rezoning has to have been submitted first to show intent to build, not just a simple massing model.

addtionally, a building like that would not be allowed to be torn down until construction actually starts, and at least a portion of it would have to be maintained.