Point being your are placing faith and hope in a city council that caved completely to outside political pressure. All it would take is similar pressure to derail this.
The cry will be against public money used for a private business concern when money should be spent on (progressive causes here ).
Pressure groups know how to game the process to block and clog the system from projects succeeding and how to get grievances adressed.
Statue issue is a tiny example. Pipelines in Alberta would be the other end of the spectrum.