This on BlogTO just now:
https://www.blogto.com/city/2026/01/toronto-new-way-travel-waterfront/
Which cites this actual feasibility study from October:
https://www.waterfrontoronto.ca/sites/default/files/2026-01/Seabus_Feasibility_Study_UA_Secured.pdf
And the article mentions this nearer-term...