However, one neighbour said some residents would continue the legal fight against the proposed "spider-web of cables in an area of outstanding natural beauty".
HAT Ltd - standing for Hippi (consultant Glen Russell), Andy (co-director Andrew Brinsley) and T-Bag (Trojan Holdings Ltd co-director Mike Davies) - were granted a certificate of compliance by the Queenstown Lakes District Council last week, for a $3 million bungy cablecar system and its operation.
The as yet unnamed activity, based at a site about 200m down the valley from the Fly by Wire building, would involve four 700m-long steel support cables suspended across the valley at a maximum height of 202m.
The support cables would be connected to the valley floor by two sets of guide cables.
Two bungy cars, powered by either a diesel generator or by electricity, would ascend and descend the guide cables and clients would jump from their chosen height of up to 185m.
"It's an innovative style of operations to deliver a bungy-type experience," Mr Brinsley said. The backpacker market was a "resilient mainstay of the town".
They hoped to open next summer and expansion would depend on market uptake, although it was too early to discuss ticket prices, he said.
Independent commissioners approved HAT Ltd's resource consent application for the venture in March after a public hearing and 49 submissions against the proposal last January.
Appeals against the resource consent have been lodged with the Environment Court in the past two months by Quail Rise Estate Ltd and the Broomfield family, Steve Couper and Caroline Hutchison.
Henry van Asch, husband of Ms Hutchison, said the appellants were concerned about the visual impact, noise and traffic caused by the activity.
Residents were concerned about the effects the screams of bungy clients on their children, and jumpers peering into their backyards.
Mr van Asch was the founding director of Bungy New Zealand, which operates three of its six resource consented sites daily.
One of the six sites is developed by Nevis River and aims to be higher than HAT Ltd's apparatus, he said.
Mr Brinsley said his company had done its best to answer residents' concerns in the resource consent application.
The parties are within the 50 working day period to resolve their differences though mediation.
Mr Brinsley said it was "too premature and irresponsible" to speculate on the outcome of the appeals.
