All options are on the table for the future use of Cross Island once the America’s Cup is over, according to Wedco.

Andrew Dias, the general manager at Wedco, told attendees at a public meeting intended to garner feedback, that the intent was for the any new use to be long-term, and to be financially viable.

“All options are on the table, but it must be financially viable and it must fit in with the overall Wedco plan for Royal Naval Dockyard,” said Mr Dias. “This is ground level day one and we have no predetermined usage at this point.”

The original plan for the Cross Island property, which will house the America’s Cup Event Village, included a marine college, the relocation of Marine and Ports, the relocation of West End Yachts Ltd and a yacht marina, once the 2017 event is complete.

However, those plans must be reconsidered due to the decision to overturn the approved use.

Wedco subsequently established a subcommittee to look at other options for the site and launched a public consultation process to gain public feedback.

Mr Dias said Wedco was investing $39m into the reclamation project, but that any use will require additional cost and will have to generate considerable revenue to service debt on the creation of the nine acres of new land.

He added: “It will be an ongoing process to get to a point where we have some definite ideas to review and we will assess them. We will then go back to the public and say ‘this is where we are headed’ before proceeding with the planning process.”

Further public meetings will be take place in Hamilton and Sandys, and interested persons can contact the subcommittee tackling the issue at marketing@wedco.bm to provide suggestions or request additional information.