Two recent technological breakthroughs make such a project feasible, at least in theory:
There is no other site on earth which provides the combination of superb seeing, largest collecting areas with adaptive optics, near kilometric baselines. For reference, it should be reminded that the resolution at 2 microns of an 800 meter baseline such as that defined by Keck and CFHT or Gemini is 0.5 milliarcseconds (Figure 2.). However, such a project would also require the cooperation between observatories with different goals, policies and funding agencies. Furthermore, the severe competition for observing time should be weighted against the scientific potential of such an interferometric array.