Kind of like a war on flanking attacks, or sneak attacks, or a war on night time attacks. You can't cure homelessess anymore the you can win a war against a tactic, like terror. What you can do is to address the root cause of homelessness and/or terror. Both of which are primarily driven by extreme poverty. Fighting homelessness during an economic crisis is pointless. No doubt the deep poverty and homelessness in our city and our nation is a huge problem. However, this structure is akin to putting a bandaid on your 12 year old skateboarder but not buying him knee pads and a helmet. You aren't addressing the real problem.
Far better to hold accountable those who created it (the international banks along with the heads of a number of Central and Private Banks) and reforming those institutions and possibly arresting a number of the people who caused the collapse through fraudulent financial instruments rated AAA and numerous other pseudo-legal enterprises.
I'm a big believer in relieving poverty and the basic human right of desiring shelter. Unfortunately, our economy is held hostage to the banks and the Basel II accounting standards of the Bank of International Settlements. Our banking system desperately needs reform and oversight. We need to limit our regulations of the banks, but the current system is unsustainable and practically - if not actually - a criminal enterprise. The banks can't lend because they lack sufficient collateral per the Basel II requirements. The work around of credit default swaps removing the risk aspect of mortgages has now blown up in their faces.
The reality is that the vast majority of our banks, including the behemoths, are insolvent. Liquidity (most of the bailouts) isn't the problem, it's solvency. We are creating conditions ripe for frightful inflation by stuffing the banks with cash. Currently, it's sitting with the FED drawing interest, but when released inflation will hit. The Chinese are sick of it and are diversifying away from the dollar even as we speak. What's worse is these banks are writing even more derivatives right now, sowing the seeds of a future crisis.
While I appreciate the gesture of this facility it is, like the soccer stadium, a huge waste of public funds during an emergency. If they could just add water create this place it would be great, we don't need it in two years it's needed now. There are cheaper and faster ways of housing these people using existing structures. Sadly, until the financial crisis is resolved this problem will only worsen.