Banned books have some sort of special value to our culture. They are usually trending books that become even more popular when some school district or public library says "We are banning book X." there will be tons of prints available to keep up with the demand. There will be digital copies too. So what if one copy ends up in some guy's art project? That wasn't the only copy and definitely won't be the last either.
I don't keep many books on my shelf. They are typically expensive textbooks that have some condensed knowledge that would be hard to obtain elsewhere. Check out the yearly lists of top banned books: http://www.ala.org/bbooks/frequentlychallengedbooks/top10 Do you think it would be hard to obtain a copy of the Bible? or Fifty Shades of Grey? You could run to any used bookstore and pickup many of these books for dirt cheap for some dumb project.
But actual censored novels? Those are a rare find and typically don't have many prints unless they have been leaked out of a totalitarian country or published freely after the previous govt falls. But those aren't what this project is using.
I do not like seeing vinyl records used as pot plant holders, even stuck to the wall is wrong unless framed. With CDs I do not feel the same compassion, if someone has some CDs on a bit of string to scare seagulls off their land I am fine with that (even if I side with the seagulls). Books are a bit like this for me, they deserve respect beyond being mere consumer items. So using books to make anything other than a library feels wrong to me. Plus they will not be in readable form at the base of a tower. So there is some destruction of books going on here, albeit with a different spectacle to what the Nazis did.
Banned books are going to be anywhere but this 'banned books of the past' pile. It draws attention away rather than toward the really good stuff.