Dave,
Luckily, there are some folks who have a great vision for massive projects like this. Just to name two that happened fairly recently and in this area...in Manhattan, there is The High Line...further up the Hudson is the ex-Central New England (later New Haven) bridge, now called The Walkway Over the Hudson. Both are considered hugely successful. Most folks scoffed at the initial plans for both of these. No reason Glenwood can't be successful, too.
Tom