Work towards a privately developed marine centre at Point Grant commenced in January 1995 where a call for tenders was made by the
Kennett Government. Contractual disputes relating to stage two of the project resulted in SRVA lodging a compensation claim against the State Government for breach of contract, resulting in the appointment of an independent arbitrator in July 2000 to settle the matter. An interim order was handed down in August 2002, finding that the Government had breached the original contract, and required the Government to pay $37.3 million in compensation in addition to the legal fees of the operator. The Government appealed the order in the
Supreme Court of Victoria, and in September 2002 SRVA also lodged its own application in the Supreme Court, seeking up to $400 million as compensation for loss of future earnings. The State Government appeal was rejected in April 2003, That was made up of $37.3 million compensation, $5.6 million in costs to SRVA, and $9.3 million in Government legal fees. The centre itself closed on 12 August 2002, after a mini-tornado tore the roof from the building, causing $200,000 damage and leaving 30 staff members out of work. In May 2005 the State Government announced $7.1 million in funding to repair the centre, which reopened to the public in April 2007. ==References==