Why tear down the senior center?

I see the city council has elected to accept $692K for the senior center then spend $500K to tear it down. Why? If developers are so interested in the property let them tear it down. Unless you can prove you can recover the $500K and make more money selling bare land than selling as is; I go back to my original question. Why? Maybe if the old K-Mart building is available, it could be used for a new senior center? Tons of room, parking, bus stop, kitchen where pizza place was located and could be used for other functions because of it’s size. Just a thought.