According to this Victoria Times-Colonist story:
"WAM Development Group and local developer Bob Evans are partners in a proposal to build the controversial $20-million, 52-slip marina for boats between 65 and 135 feet long on a 2.63-hectare water lot running along Lime Bay Park and in front of the Royal Quays condo buildings. They are hoping to lease the lot from the province, which owns it.The new zoning plan will eliminate heavy industrial uses but still allow an albeit smaller marina to be built. The final rezoning bylaw is expected to be put before council sometime in August.
But, if approved, the city-initiated rezoning of the water lot would significantly alter those plans — reducing the number of vessels able to dock there by 40 per cent."