The club abandoned its earlier plans to build on lakeside public reserve at Stoney Creek because of the cost and time involved in potential legal challenges from objectors.
The community board was asked to agree to stop the public consultation process for the Stoney Creek site and approve notification of the Queenstown Lakes District Council's intention to grant a lease at Eely Point instead.
The club had, alternatively, sought approval for a site at Morrow's Mead, but council property manager Jo Conroy said that location would be likely to attract similar objections from neighbouring residents and, unlike Eely Point, it was difficult to access.
While the Eely Point site presented conflicts with motorboats and rowing skiffs, the club was confident that could be managed.
Board member Ken Copland said it was a shame the club had been "shifted from pillar to post", and asked Ms Conroy "what sort of hurdles" it had to go through to secure a lease at the Eely Point site.
"There are no neighbours immediately adjacent ... so it's not going to have quite such a significant effect on any adjacent properties. The process could still take six months to get to the point where they know what they're doing," Ms Conroy said.
Board chairman Lyal Cocks said while the Eely Point site was not ideal, "it's a solution and more likely to work than most of the other solutions".
Submissions will be called for and a hearing panel nominated to hear them and make a recommendation to the council.
