That's only one proposal of the Omniplex. Others were put forward far to the south, in fact most of the ones I've seen in my purusing of the City Archives and EPL have the Omniplex where Canada Place is now and just to the east of that.
CB - It's absolutely not bogus. I can get you the call number of an exploritory document done by the city that now resides in the Heritage Room at Milner if you like.
Icon - Now With 110% More Bling