I attended the Open House for Franklin Ave/East River Road Intersection, where the County and consultants revealed their plans. These are described in the (what I thought was defunct) Bridgeland News article.
My views are here.
In short, instead of a Monderman-esque Shared Space, or even a roundabout, they are tweaking the signal timings and reconfiguring the approach lanes. The main change there is on the Franklin Avenue bridge, which will reduce to 1 lane in each direction on the west side, and flare to two lanes at the approach. This will no doubt improve things (in terms of vehicle delay from most approaches and pedestrian delay) over the baseline, and at least it is relatively cheap, but this, as they officials admit, is a short-term fix, and the intersection will need to be revisited post-Central Corridor.