It might work if Egypt were allowed to forcibly relocate ALL the people in Gaza elsewhere, and re-populate the area with people who could actually get along with the Israelis. At least enough to turn Gaza into a beach resort area.
Most Gazans were originally Egyptians who had moved to British Palestine seeking jobs, and were headed back to Egypt when war broke out in 1948, and got stuck there when Egypt closed the border to any more refugees.
IE, they are largely Egyptians.