There is one other thing that no-one has mentioned yet in this thread.
Demolishing the Gardiner and building an at grade road with traffic lights every 30 metres will lead to huge increases in air pollution and greenhouse gas emissions.
Internal combustion engines are at their most efficient in highway traffic because the car is cruising along at constant high speed, but low engine RPM's due to there being no need to accelerate or brake. Contrasted to stop and go traffic that you would get in city traffic where you are constantly braking and accelerationg.
At hightway speeds, when an engine is operating at low RPMS and constant high speeds, all of its pollution control systems are working. In addition, it's using much less gasoline because all the engine has to do is overcome friction to maintain speed. Autmotive standards require that in these cases, all pollution controls are working, in addition, the engine control module will do everything possible to lean out the mixture to save fuel. (The beauty of electronic fuel injection). The exact opposite is true in city traffic. From stop, the engine must now overcome inertia and friction. (Ever watch your fuel economy bar chart go max vertical to the top of the scale when you accelerate from a traffic light?) To do this, standards allow for the bypassing of some pollution control systems (for the safety of the occupants becasue a) you need to overcome inertia and b) you may need to get out of a tricky situation and in that case, acceleration is your beast friend.) Ever been on the highway and some guy ahead of you hits the gas, you get a strong smell of exhaust as opposed to cruising where you smell nothing? That's because the computer will temporarily disengage some pollution control systems (like the EGR valve for example which works to lower NOX levels and
NOX (nitrogen oxide) is a particularly nasty pollutant)
EGR valves (Exhaust Gas Recirculation) valves work by drawing exhaust from the exhaust manifold and injecting it into the intake stream. This spent exhuast gas is inert. It neither burns, nor does it support burning. By introducing exhaust gases back into the intake stream it replaces some of the air fuel mixture into the intake stream and thus into the cylinders and it then occupies volume in the cylinders which means you get a cooler combustion stroke and ergo you minimize NOX. (NOX levels being directly proportional to the combustion temperature). However, this process only happens with the EGR valve open and that only occurs at constant speeds. When you accelerate, the engine control module will sense the acceleration and it will close the EGR valve in order to get you more power / acceleration to get you moving. (Because your cylinders are now 100 percent filled with the air fuel mixture.)
I know most of you don't understand what the fuck I'm talking about, but even the dumbest dummy knows that city driving uses a lot more fuel than highway driving. But what he probably doesn't know is that using more fuel creates a lot more pollution AND that pollution is also dirty with much higher levels of NOX and other nasty shit that you just don't get when you're crusing.
So, building a road with stop and go traffic at stop lights will result in huge increases in pollution. In short, it's gonna stink like hell down there and the people who live down there are going to be far worse off than they are now. (And yes, I know that the Gardiner features stop and go traffic, but an at grade road will be nothing but stop and go traffic.)