The man was a crook and the restaurant was terrible, but he was very successful at not paying taxes. After years in dispute, I was there to cheer the tug to tow that dump away. Then the city erected a monument to commemorate him!
From what I remember, there was a a group of investors that wanted to purchase the boat, modernize it, make it into a really swanky, multi-purpose, venue, on the water. But by that point the Port Authority and owner had been fighting for so long that mediation/intervention wasn't possible.
It could be argued the Port Authority was charging him too much, perhaps just to get him to go. And that the owner was getting old, the best days of his restaurant were 30 years ago.
> Toronto was left without a good restaurant on the water
which should actually be
> The business owner was either unwilling or incapable of making his business succeed.