The hoary editorial board attempts to use its logic:
The fact that no developer has stepped forward to embrace the idea with financing and risk-taking is the idea's chief obstacle. (P-G)
Did the city advertise or even allude to interest in developers doing so? Did we ever send out an RFP? Businesspeople don't go out of their way to plan and draft things which rely on partners, when those key partners evince a strong, negative interest in doing so.
INTERESTING: Reuters, Wired, Envirement. Just play along here for a minute: about how many jobs and how much tax revenue would this bring? Can you say, "First-Source hiring"?
*-UPDATE: Back to square two (comments).
**-UPDATE II: The clock is ticking. Adaptationists cry shenanigans pretty loudly (Trib, Brandolph).