Is there something the average person doesn't know about a George Street PAC?

I found this statement a little odd when I read in in the Prince George Citizen this morning:

Further work is also planned for the lobby, restaurant, pub and the 120 rooms in the original tower, but how quickly it will be pursued will depend on whether a new performing arts centre will be built somewhere on George Street.

Is there already some kind of plan in place, or is just based on the ideas presented in the 2001 Official Community Plan? (pdf map here) After all, many times the OCP is ignored and written off as simply "a guideline."

Full Citizen article here.