I still have to wonder... I can't wrap my head around how it would be technically feasible to tunnel under an active expressway, especially now that all of the development at CityPlace has gone up. We've missed the opportunity to reasonably do so, the space doesn't exist anymore. Unless I'm missing something, the Gardiner will need to be torn down if it is to be tunneled along the same corridor. There will need to be a lot of additional transportation infrastructure that would need to be in place to make a teardown or tunneled replacement possible without bringing the city to a standstill.
Granted, the $8-12 billion investment in alternate transportation is needed. That's for improved/electrified GO service, full DRL, and Waterfront West LRT and potentially the Lakeshore GO Tunnel/Lower Union Platform. (I'm probably underestimating here)
It is going to take at minimum 15 years to build all of that, although realistically closer to 20. In those 15 years I don't expect much to happen to the Gardiner west of Jarvis apart from potentially eliminating the York/Bay/Yonge ramps. It currently plays too critical a role to shut down for 5 years.
After those 15 years are up and demand is shifted to other modes, will Toronto even need the full width of the Gardiner running through Downtown anymore?