The Port Rockingham marina project is poised to get planning approval from the local council despite the former project manager and major shareholder behind the development collapsing with debts of more than $7.5 million.
The City of Rockingham council will on Tuesday consider a recommendation to approve the $35 million marina, to be built at the end of Wanliss Street, after 483 public submissions representing 87 per cent support. However, as a result of the project manager of the marina going into administration, the council will look at asking the State Government to consider the proponent's financial capacity to ensure they can complete the works.
The project, which would include 500 boat pens, 4000sqm of commercial floor space and a 600-bay car park, has been 22 years in the making and received environmental approval from the State Government in February last year.
Devx Pty Ltd, the former project manager of the marina, went into administration last month owing more than $7.5 million.
ASIC records show Devx was the major shareholder of project proponent company Rosewood Grove Pty Ltd until April 2009, when its shares were transferred to Rockingham businessman and former councillor Paul Ogilvie and his accountant David Lilwall.
According to ASIC, Mr Ogilvie transferred his shares in Rosewood Grove to his daughter Cherice Henley last month.
A new company, Aureus Property Pty Ltd, which is the new project manager, is owned by Ms Henley, Mr Lilwall and lists Mr Ogilvie as the director.
Mr Ogilvie said a lack of projects after the global financial crisis led to Devx, created as a project management arm of their operations, being put into administration.
He said securing finance for the marina could only happen once it had approvals.
A final planning decision will be made by the Planning Commission.