Art is what attracts businesses and rich professionals to come to the area. Why would they choose to live in Akron, OH if they could live anywhere else that has shodilly made corporate slop offices? Every revitalization starts with good art to attract investment to the area. As for Quaker, this is an extremely unique building, and if someone with money wants to invest in it, why not? Beggars can't be choosers.
Places that retain their history and art (including architecture) are the places people want to visit. I've never gone to Europe and thought it would be much better if they had a bunch of boring rectangular office buildings with huge surface parking lots instead of all their beautiful old architecture.
Akron has some "good bones" along with some not good bones. Spartanburg was never a large(ish) town like Akron and simply seems to be riding the wave of momentum in Greenville and Charlotte. Good for them, but Akron does not have that luxury. Get rid of the art, and Akron has nothing much left to attract anyone. Let's spruce up the good bones into something productive and demo/redevelop the bad bones when there are attracted investors. This news should be very welcome to anyone who cares about UA and the city. If this art project fails, then so be it, but at least they're trying something to fill an empty building in the heart of the city.