1,000 more people with eyes on the street, supporting the local grocery stores, visiting the park, checking out the galleries, riding the train, enjoying restaurants, walking to/from places instead of driving.
The architecture is crap, but the positive effects from this project are not trivial to those actually living in the area.
While I understand your perspective, I can't help but blame the current state of downtown on the "greatest" generation's need to destroy, rather than build cities. Tegler, Carnegie, Corona Hotel, CNR Station, Empire Theatre, Empire Block, The ERR. I could keep going.
It's easy to pick apart projects from behind a screen, but many of us have to live with the terrible consequences of urban renewal. I'm sick of looking at cracked asphalt and gravel lots.