The proposal would also close sections of Point Grey Road west of MacDonald Avenue to vehicle traffic by extending two small parks right across the roadway.
The pedestrian and bike crossing at the south end of the Burrard Bridge would be redeveloped to make it easier to cross.
The seaside path around the waterfront at Kitsilano Point would be improved along with the bike routes on York Avenue and 3rd Avenue.
Former city councillor and one-time mayoral candidate Peter Ladner lives in the neighbourhood. He says as an avid cyclist he's familiar with the risks of riding alongside cars on Cornwall Avenue.
"This has, I think, the highest percentage of cyclists in the city. It would make sense to do it here, and you have the support of the neighbours, who are concerned about their safety."
But Mike Cowan, who runs a taco shop in the neighbourhood, is worried the path's construction will cut into his business.
"It would definitely, short term, have a detrimental effect, for sure, 100 per cent. There's no way of getting around that. It's a little scary," said Cowan.
But Cowan says he's seen the danger cyclists face on Cornwall Avenue and he says he can understand the need for increased safety.
The first of three open houses will be held on Tuesday from 4 p.m. to 6 p.m. PT at the Maritime Museum on Ogden Avenue.