In early December, TOTI requested a further three months until March 31. The council approved the request.
Mayor Paula Southgate said the council approved the extension largely because of Covid-19 disruptions.
"Council accepted that, given Covid, TOTI needs some extra time to provide us and our community with a comprehensive and fully costed business case.
"But Founders has been closed since 2016 – that's a long time – and this issue can't go on forever. Our community and our council need certainty and personally, I am hopeful this will be the last request for an extension, she said.
TOTI's proposal must include a final concept design and comprehensive funded business case.
Margaret Evans, of TOTI, says her organisation continues to favour the creation of new dedicated community trust for the future operation of the repurposed Founders.
"Community consultation and engagement has continued, confirming interest in community-based activities including exhibitions, rehearsals, performances, meeting space, and outdoor connections, much of this previously identified in Creative Waikato's 2021 council submission by Jeremy Mayall as well as Sarah Nathan's 2016 report that Founders should be retained and repurposed," she says.
"There is enthusiasm to blend appropriate 'state of the art' innovation and issues such as climate change preparedness and resilience, while respecting heritage aspects of the building and site, and in accord with the Western Town Belt Plan."