Minus the sewage/waste water runoff, I prefer the old waterfront.
Reminds me of whats happening to Ballard and Fremont. UD

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And is only going to continue at an accelerated pace.

I spoke to one of my regular business contacts after he attended a
marina owner's association meeting. He passed along some discouraging
indications. A guest speaker at the meeting advised the marina
operators to immediately and aggressively begin raising slip rentals,
and to forget about trying to balance an increased rental income with
the challenge of keeping the marinas full. The guest speaker
recommended that marina owners raise rates until they achieve a 10%
vacancy, and made a case that if the 10% vacancy is the result of
maximized slip fees the net profit to the marina operator would be
higher than if the marina were completely filled with boaters who chose
to moor there because they thought the rates were comparatively
reasonable.

Same old problem. Boat moorage is not arguably "the highest and best
use" of waterfront property in an urban area (from a purely economic
standpoint)- but it's an activity that has to take place along a
shoreline. As property values and taxes continue to increase, we will
see a continuing relaxation of official interpretations of "water
dependent" uses for shoreline properties subject to those restrictions
(common in Seattle, for example).

Looks like they're going to build a big condo complex at the site of
the old boatyard just past CSR Marina, with a few dozen slips
(undoubtedly to be sold/leased to the condo owners) tossed into the mix
to skate past the "water dependent use" zoning provision.

The problem with the 10% vacancy model is that the marinas are filled
to capacity now. Raising moorage rates to create a 10% vacancy
everywhere would mean that rates will go up until 10% of the boating
public is literally priced out of the pastime. That would be a shame-
but it's a private business, not a charity, and the almighty buck
trumps all other considerations.