URANGAN'S $28 million Splash Bay water park is not dead and could be built at an alternative site, according to Urban Planet principal Ward Veitch.
The Chronicle spoke with Mr Veitch on Friday after the Splash Bay developer Charles Richards confirmed the water park would not be built.
In December 2013 the Fraser Coast Regional Council approved the development with more than 100 conditions.
It is believed the park will not go ahead because of those conditions.
When asked if there was a chance it would be built somewhere else, Mr Veitch said he had talked with Mr Richards and hoped so.
"We've spoken about a couple of other alternative sites, which I really can't say much about at this point," he said.
"But it's not dead, Splash Bay is not dead."
Mr Veitch also said he had been speaking with Mr Richards about the future for the Splash Bay site.
"I've been speaking to him about the application that we're looking to lodge over the site now for residential," he said.
Mayor Gerard O'Connell said the application approval for the water park still existed for the Urangan site.
"It's still alive - there was over 100 conditions which they would need to work through," he said.
Cr O'Connell said the council appropriately assessed the development and imposed more than 100 conditions for the community's benefit.
Mr Richards did not return the Chronicle's calls.