Maryhill Ltd originally applied for Glenpanel to be established as an SHA last year, proposing 207 lots on a 20ha portion of the family-owned land on Ladies Mile.
The company is owned by Sharyn and Grant Stalker, developers of the nearby Shotover Country subdivision, along with their son Kristan and his wife Emma.
However, the Queenstown Lakes District Council rejected Glenpanel's application because there was insufficient information in its submission to determine if the site could be adequately serviced.
Subsequently, earlier this year the resort was offered $50 million through the Government's $1 billion Housing Infrastructure Fund (HIF).
That is effectively a loan to build roads and water infrastructure at greenfields sites on the Ladies Mile, at Quail Rise and an extension of the Kingston township.
Kristan Stalker told the Otago Daily Times that funding announcement had potentially removed one of the barriers Glenpanel had initially faced.
The council's decision last Thursday to include Ladies Mile in the SHA lead policy as ``category 2'' land - where development may be considered - had potentially removed another.
``It's encouraging that the council's made a positive decision,'' Mr Stalker said.
``We will re-lodge our expression of interest.
``Our expectation is that that fund [HIF] will have a positive influence over the overall infrastructure on the Ladies Mile.''
Mr Stalker said there ``will be a change'' to the new expression of interest, in keeping with the council's indicative master plan for the 136ha area.
``It will be consistent with the council's master plan - there is re-work required but we'll work collaboratively with the council to ensure it is consistent.
``The expectation is that there will be more [lots].
``Obviously, our position remains the same in respect of the significant contribution that's being proposed and ... that it does have significant commercial implications.''
