A CORE part of Dundee's £1 billion Waterfront regeneration project has been scrapped.
In 2020, the city council pledged £11.5m to construct a marina to offer a space for "high quality sheltered berthing with direct access for visiting sailors to the city centre shopping and associated facilities."
Local architecture firm Nicoll Russell Studios had unveiled an artistic impression of what the future development could look like, with the City Quay being transformed.
The project also formed part of the £700m Tay Cities Region Deal, a decade-long local investment plan for the region being guided by local organisations and businesses in collaboration with various local councils in the area.
However, The Courier previously revealed that spiralling costs were putting the project at risk, with its future being reviewed by the council as it planned how it would implement the second half of the Tay Cities Deal.
Executive director of city development in Dundee City Council, Robin Presswood, had also raised concerns that the costs associated with the marina were “considerable”.
During the latest meeting of the joint committee responsible for the Tay Cities Region, the marina was labelled as being unlikely to proceed and funding was therefore diverted to other projects.
Speaking to The Courier, council leader Mark Flynn said: “There was a reshaping exercise carried out by the Tay Cities officers only a matter of weeks ago.
“We’ve got a three-year window to spend the money and if we don’t, the money goes back.
“I want to make sure we actually spend the money on projects which are developing greatly for the city.
“Discovery Point and the Unicorn have been allocated money.
“So, the marina unfortunately is not going to progress but it doesn’t mean in the future it won’t come back again.
“I’m hoping that we see another regional partnership being created in future years to make sure we can still see funding coming through."
