This is a temporary reconfiguration to make a staging area for trucks and supplies while remodeling the Old Vic for the Ensemble Theater Company. The contractor said it will take 8 months, so I'm guessing 12-18. They have already removed trees and closed off some parking spaces and placed a temporary exit kiosk at the Victoria St. entrance.
I own a business served by that lot. All adjacent businesses pay the city for the upkeep of the lot, even though we have no parking privileges there. We were informed of this several months ago. Naturally they have scheduled the work to coincide with the holiday season, so we can be socked in the stomach economically a bit more, for good measure. We are the ones most impacted by this. I can't believe whoever wrote this psa felt a need to scold us in advance about taking spaces from customers. Those are our customers! Of course we want them to park there. We never park in that lot, anyway; it's too expensive to park there all day.