Just over 900-thousand dollars have been earmarked in next year's proposed capital budget for the purchase and to begin survey work and environmental assessments.
The five year capital budget projection also includes 2.8-million for repairs to the sea wall on the harbour side - and - another 400-thousand for a pedway from Market Square to the site.
The Hardman Group wants to develop more retail space - a hotel - and - condos in that area.
