PLANS to upgrade the Abingdon Boat Centre with a restaurant with views over the Thames have been refloated.
The ambitious scheme appeared to be dead in the water four years ago following a row over the terms of a new lease but now the idea has resurfaced.
Centre owner Len Baker has had planning permission extended for another three years and talks of his "renewed enthusiasm". But the sticking point continues to be the terms of a new lease with the owners of Nags Head Island, the Vale of White Horse District Council.
Mr Baker said: "The current lease has another seven years to run but I need long-term security if this venture is to be commercially viable.
"I appreciate the council has to get the best possible terms for a new lease in the interests of council taxpayers in the Vale but I too need to be satisfied before investing a large amount of money in the project."
He wants to take on a new lease of 75 years.
Previous talks about a new lease and rent stalled but now Mr Baker wants to re-open negotiations.
He said the last few years had been a "roller-coaster ride." He had been elated and then depressed but now his enthusiasm had been renewed.
"This building and the valuable riverside services if offers are in dire need of improvement to cater for boat users and the townspeople. A roof top restaurant overlooking the Thames would be a great asset in this part of the town."
In September 2002 Mr Baker received planning permission to re-develop the centre.
There were public exhibitions of the plans that include a new two-storey chandlery, a wider slipway, a covered space for working on boats with a lifting facility and new workshop.
A "high class" restaurant is proposed on the top floor with views over the river.
After exhibitions there was widespread support from the public and the town and district councils.
Local businesses said it would help rejuvenate the Bridge Street end of the town.
The project was costed at £1.5m but since then Mr Baker says prices have risen and he's looking at a figure of more than £2m to finance the venture.
The council's executive member with responsibilities for estates Bob Johnston said: "I hope the whole issue can be brought to a successful conclusion for both parties.
"I am unable to go into details because of financial confidentiality. It is an interesting scheme that has received planning permission and would help improve the vitality of this part of Abingdon."
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