It's really upsetting that this building may be demolished. It's an important project by one of Chicago's greatest architects.
I also wish that our public schools had some kind of proper art history segment in it. Talking about architecture with some (well, most) people is like talking about American history with Sarah Palin.
To add insult to injury, the building is owned by a university.
I think they should demolish it and build a strip club and theater. The theater would play Jersey Shore on loop 24/7. It would be operated by a non-profit and all proceeds would go towards the destruction of other important buildings.
Also, about a possible residential conversion, the floor plans seem conducive to it.
For those who would like to learn more about Bertrand Goldberg, there's a really nice website about him. www.bertrandgoldberg.org