I'm not particularly excited about this one either. I'm not against some green space here, but with the Gardiner looming overhead to the north, the design will have to be pretty creative to make the place attractive. If it ended up as a series of increasing higher landscaped terraces—and ended high enough to block the Gardiner noise from Queens Quay—then you could throw a parking garage under there along with the stormwater containment tank. The terraces, or a landscaped hill could also offer park goers good views of the water too…count me a little skeptical of the reasoning behind reserving 100% of the above-grade space on this site for a park.
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