Island Man-Made for Fashion in Dubai- How About One for Art? Yea

An island on Dubai’s man-made archipelago The World, will be transformed into the world’s first fashion island.
The project Isla Moda will merge high style and luxury to attract the world’s fashion cream of the crop by including a fashion hotel, a range of themed residential villas, and boutiques representing the world’s most prominent designers. [from bornrich.org]
How about an Island just for art, cheap artists live work loft studios, coffee shops, art gallery. Yea! a new Montparnasse. Anyone listening? Let me know. I want to be the first.