This is Vancouver so you know how this story will end.   Everyone will go into the back room with Vision and their developer friends. 

They will emerge some time later and announce that the new VAG building is going ahead ... with a 70 story luxury condo tower on top. 

Oh, and the new art gallery will be a bit smaller than the old one.  Which will be knocked down for another 50 story luxury condo tower. 

Then Vision's 30 person strong taxpayer funded publicity team will blanket the city in self congratulations (as the condo marketing begins in Shanghai).