As I said, there would have to be careful study and consideration of the effects, and in all likelihood, it would fail, probably for the reasons you cite.
However, I suspect the modern knee-jerk reaction would be to reject these sorts of ideas out-of-hand, not because of infeasibility, but because of the "preserve at all costs" mentality that has taken hold among many, and then to look for ways to justify the rejection.
The will of industry has such a strong influence on political outcomes that it seems rational (though perhaps unfortunate) for people to oppose big projects as early as possible.
However, I suspect the modern knee-jerk reaction would be to reject these sorts of ideas out-of-hand, not because of infeasibility, but because of the "preserve at all costs" mentality that has taken hold among many, and then to look for ways to justify the rejection.