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Commodore Graham Berry said yesterday geotech equipment would arrive in February to scan the lake bed because the new building would be heavier than the clubhouse it would replace.
He expected to be ready to apply for resource consent early next year.
Mr Berry said the building would include storage for the club’s rescue craft, new changing rooms, and it would also have a cafe open to the public.
"People can come in and enjoy the view and whatever’s happening on the water."
Use of the building would be shared between the yacht club and the Wanaka Ski Club.
"They need a home, and it works out very well, because it is the opposite season.
"It’s a perfect fit.
"We’re busy every day in daylight saving time and they start after that."
He expected the cost would be about $3million, and fundraising would begin once resource consent had been obtained.
Construction was likely in 2022.
Mr Berry expected the new facility would boost membership although he did not expect membership fees to rise as a result of the development.