The deadline is looming for the submission of a business plan for the multimillion-dollar renovation of Dockyard’s Victualling Yard.

The original plan, submitted by local company Wilson Allen Architecture and Interior Design, included an indoor amusement venue covered with an ambitious overarching glass roof. A memorandum of understanding was extended and is due to expire at the end of the month.

Andrew Dias, Wedco general manager, said he was still awaiting a complete business package and proof of adequate financing for the project. He told ‘The Royal Gazette’: “They have until the end of the month to provide us with the details.

“They have called us intermittently in between but ultimately they need to finalise any details that they have in their business plan as well as confirm the availability of financing.

“If that is the case and they submit their final application then great, we are all going to be most welcome to look at it. If they don’t then I guess the Wedco board will have to re-evaluate it and have another discussion and we will move on.”

‘The Royal Gazette’ could not reach Wilson Allen Architecture and Interior Design via its company e-mail or phone number.

Their plans included a new facility that would offer year-round alfresco dining and a large venue for functions and events.

Wedco asked for expressions of interest for potential development last August. Three other proposals were received, which could be revisited if the original plan fails to materialise, Mr Dias said.

“This isn’t something, unfortunately, that is a slam dunk,” he said. “Nor is it something we are going to give up on.”