It's very true. Grant Park is grand and all, but there's a good 30 blocks of downtown Chicago waterfront that looks like this:
That's not at a fringe location either, it's in the area of the John Hancock Building and North Michigan Ave. Yes, the tall buildings are behind Lakeshore Drive, but it's a moot point because Toronto's tall buildings are behind Queen's Quay. And Queen's Quay is a lot more attactive than the above picture. There's no part of central Toronto's waterfront that doesn't have, or won't have, marinas, promenades, and parks.
Another nice rant, but it doesn't address what I typed. I guess you don't have any proof that tearing down waterfront freeways makes property values crash.
You've unwittingly refuted your own argument again! You're making my job easy. Those cities are harder to get around by car and have superior transit systems. Clearly mass transit is the answer for urban mobility. By the way, Toronto more closely resembles European cities with its transit ridership than most North American cities.