In a word: No.
I live in Chicago, I know MK, my wife served on the RIC board with him. It would be easy for me to say "yes".
But, let's look at the criteria and the existing inductees:
http://www.worldgolfhalloffame.org/induction/criteria/Of 155 members, there are NO developers currently and over 20,000 courses globally. There are 4 categories under which one may be inducted: Male competitor, Female competitor, Veteran category and "Lifetime Achievement".
MK would fall into the last category whose definition states:
"To be considered for selection in the Lifetime Achievement category, an individual must have contributed to the game significantly in areas outside of the competitive arena (ie. administrator, course architect, innovator, instructor, media, etc.)"
Sure a case can be made. But, of the 155 current "members" of this elite club, there are but 7 true architects (Mackenzie, Ross, CBM, Tilly, Braid, Dye, etc.)and no sign of Bill Coore, Tom Doak or even RTJ. Yes, there is Jack, Arnie, Gary Player, etc. all who obviously are GCAs, but whose main acclaim is "on course" not off - just like Norman, Faldo, etc.
But....developer? Really...? Vision, balls and money have to be certainly respected. But, as stated above, then add Trump, Kohler and Del Webb....;-)....to that list. I'm sure there were plenty of Scottish landowners who facilitated the visions of Braid/OTM, etc. Where are they?
MK found the land, or an associate/broker found it. But it was the on-site teams that created the product. Let's see CC, Fazio and RGD get their due before the "money men" get theirs.