The council ultimately decided it would "start from scratch" with plans for a marina at Frankton Arm, after resolving to cancel an agreement with Queenstown Marina Developments Ltd (QMDL) five years after the company first mooted its offshore marina.
Frankton Marina project manager Ken Gousmett said in his report to the council the company was selected after a widely advertised public request for expression of interest in 2006.
However, in 2009, the council announced the developer was unable to meet the memorandum's conditions, despite considerable investment and the council extending the deadline several times.
The council called for new expressions of interest and QMDL was announced preferred developer last year, with a June 30 deadline.
Yesterday, Mr Gousmett told the council another letter had been received from QMDL since the agenda was published, dated August 15, which was "pleading for more time".
Queenstown resident Alan Kirker, a director of Lakes Marina Projects Ltd, said he and his business partners, both United States-based, were keen to establish an inshore marina at Frankton capable of holding 130 berths.
"Our main proposal is ... we have the financial backing to do it, we are stipulating we will use local contractors with local knowledge," Mr Kirker said.
The council unanimously voted to adopt Mr Gousmett's recommendation to decline an extension of time for QMDL; to cancel the agreement with the company; and to develop a marina at Frankton Arm after determining objectives.
