https://en.wikipedia.org/wiki/Midway_International_Airport
It's hard to project growth. Things build right up to the limit of the airport for convenient access, then the area grows and the airport needs to grow - and what do you do? Seattle-Tacoma is critically undersized for the traffic it gets and has been struggling with the fact that there's physically nowhere to expand to.
Obviously you’re better off making such decisions early rather than building a huge airport only to abandon it. Thus it’s called urban planning not urban triage.
My magic crystal ball named "the past 50yr of history" says it is unlikely to be the success you envision.
It's easy to say "just build bigger elsewhere" but unless you go dozens of miles out and add hours to every trip to/from the airport there's no options.
And no, "just fill in every body of water" is not an option. It doesn't work at all in many cases, is hilariously expensive in all cases, and has enormous environmental impact.
There was a significant crash there in 2007: https://en.wikipedia.org/wiki/TAM_Airlines_Flight_3054
The ultimate reason so many cities use land reclamation for airports is open water does not lose property value by being near the airport. Thus a given greater metropolitan area regains not just the physical land of the airport but the increased property value from all that land that’s no longer next to an airport.