Google's (NASDAQ:GOOGL) effort to turn a barge into a floating exhibit hall for new technology is likely a waste of shareholder capital, Fool contributor Tim Beyers says in the following video.

According to documents filed with the Port of San Francisco and cited by the San Francisco Chronicle, a Google affiliate called By and Large envisions the space as a "studio" and a "temporary technology exhibit space." Really? That's all? Small thinking for a company known for funding moon shots, Tim says.

Then again, as with most things Google does, what appears to be a waste could grow to have lasting impact. Consider Google Glass, a throwaway product a year ago that is now leading the wearable computing movement. Prescription alternatives from Rochester Optical are due in January.

Is Google aiming high enough with its mysterious barge? What would you like to see from the search king's floating lab? Watch the video to get Tim's full take and then leave a comment to let us know where you stand.