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A deal that could result in Dunedin's proposed $100 million waterfront hotel taking a significant step forward is still being finalised, but has not struck trouble, the Dunedin City Council says.
Representatives from the council and Betterways Advisory Ltd - which wants to build the hotel at 41 Wharf St - have been putting the finishing touches to the wording of a memorandum of understanding between the two parties.
Details had been expected to be revealed last week.
However, council communications and marketing manager Graham McKerracher said the wording of the agreement was still being finalised yesterday.
While the deal remained a ''work in progress'', an announcement was still imminent, he said.