From the article it appears that Fishtown residents met with the developers and approved this project. Was NoLibs involved? Its seems like this would impact NoLibs more than Fishtown.
http://articles.philly.com/2012-09-13/news/33791006_1_canal-street-live-nation-residential-project
http://www.citypaper.net/blogs/nakedcity/canal-street-fishtown.html