With current management's priorities, it seems impossible that they will build something even remotely comparable to the Boardwalk Inn or the Beach/Yacht Club, which makes this pointless. Why stay at a lesser hotel at one entrance when I could stay at other, better hotels that are still within walking distance?
Maybe they'll surprise everyone, but I'd expect this to end up looking more like the Swan Reserve (or the Riviera) than anything unique, and I doubt it will have any kind of interesting theme.