According to that site, the destruction of the Ambassador is a fait accompli. They are building a school there.
To which, I think it was Diane Keaton, made an eloquent argument to the point of, "Kids could study history in RFK's final footsteps, study language arts where F. Scott Fitzgerald devised some of his great work, music in The Coconut Grove, etc." In other words, why not make the Ambassador into a school rather than tear it down?