My thinking is that it's better to Tip Top Tailorize buildings (Maritime Life-ize? BCE Place -ize?) than to have them torn down and replaced all together. I also don't think that everything that's old needs to be preserved - the facade of the Concourse is attractive and unique to Toronto and and interesting example of the architecture of it's day, and so is worth conserving. The interior is nothing. Neither historic in its form nor for anything that occured inside, and is no loss to anyone.
So the interior is not "historic in its form," and yet its form is out-of-date? This is a very confusing argument from someone who's blustering about clarity of thought.
The very size and shape of the interior is historic. So (for instance) are the beat-up brick, 3-story scale, and high ceilings of the Victorian buildings along Queen West. Through your argument, those could all be facadized too, and replaced with an endless series of identical, large-floored, expensive offices.
This ignores
1) the basic value of preserving the city's historic urban form for the architectural sake of it (how many Deco towers do we have left?)
And
2) the economic value of having a diverse range of office space, including "obsolete" and
cheap office space, available, so that the CBD is not occupied 100% by the big banks.
Oxford Properties may not maximize their investment renting such a bldg, but if we had meaningful preservation laws a few years ago they would have to keep it anyway. The choice between facadism and demolition is a bad one, and should NOT be the only choice.
I might add that the deco towers near King and Spadina, which were not exactly prime space 15 years ago, are full and attracting new and higher-rent creative tenants. If the Victory building was in a hipper location, it would have a similar transition. Who's to say if Bay and Adelaide will be hip in 20 years? Or 40?