It was a great site but very hard to get to for the bigger boats. If you wanted to go by the books and get a permit, you were out of luck, or at least that is what we were told by our permit company.
Just my thoughts, but if the money was right and a "parade" al la Key West were organized with one way traffic on a particular day, maybe that would work.
It needs a strong local promoter who has the connections to make at least a regional race happen. That, you will find, is asking a lot.
We would go in a heartbeat if there was an APBA sanctioned event.