I would love to see such an endeavor work, but Toronto does not have the vision to develop its waterfront potential. The Rochester ferry was allowed to die, and even the project for the Don River has stalled and probably will not be fulfilled. Vancouver developed the now popular residential, tourist, commercial, industrial and  boater  friendly aquatic park of False Creek, a former waste backwater of collapsing industries, now a major vibrant part of the city life. Would that Toronto have fortitude to undertake such a development.