It's being kept on the coast, Kev. The orginal notion was that it was going to be over the river. The river Tay. The biggest river in the British Isles - at the point where it is most decidedly tidal. We've sailed along it backwards!
Give things a few years and it would be floating away on the rising seas.
I have not a clue who decided it would be suitable. I reckon a complete lack of good taste is the major qualification for those in charge of awarding building contracts here. I don't understand it at all.
Dundee and its environs are a very major centre of artistic merit.
Maybe they want something to contrast all the real talent with?
I do agree that saving and shoring up Venice as a whole would be a far better project.