Article says Bridgeland Place is still being examined for options by a third-party the city hired. Requires 15 million is work and is worth 1.5 million. Not sure they actually sell it though... There's still a lot of under developed land in the core that would come cheaper for a developer than the purchase cost and costs to bring this up to modern standards let alone above that. That's not even taking into account the cost to demo this.
To say something 'radical', gentrification of an area is necessary to improve an areas vibrancy. Cheap neighborhoods in your core house people, yes and that is important. But it has been shown that cheap neighborhoods in the core lead to empty lots and speculation. The goal shouldn't be to stop gentrification it should be to preserve and require some affordable housing in those neighborhoods.