There's been some talks about a new urban park taking place at John and Rebecca and it finally appears the City is working on it.
Remediation of 76 John Street North
http://www.hamilton.ca/NR/rdonlyres/...004REVISED.pdf
The remediation costs currently estimated at $171,500.
The Downtown Secondary Plan recognizes parks, squares and open-spaces as valuable assets for Downtown regeneration and designates the block bounded by Rebecca, King William, John and Catharine Streets as parkland. The development of a park in this area of the Downtown will enhance the lifestyle of area residents and add to the value of potential residential development within the vicinity. The park will be constructed in two phases; the first phase being the existing municipally owned parking lot fronting on John and Rebecca Streets; the second phase being the land that fronts on Catharine and King William Streets that currently has two privately-operated businesses located on the property. The second phase of the urban park will be implemented in the future when/if considered economically viable.