So as part of this deal, the city is effectively directing $49 million to tear down that building to create the park extension facing Bay Street?
* So far as I understand, the appellant made this offer to obtain a settlement at (then) LPAT. Though the City subsequently made (demanded) some tweaks.
The money is, in the largest measure, a buyout of the ground lease of Transmetro, of City-owned property that sits atop Bay Street Station.
More detail can be found here: