Progress Castlecliff say a $100,000 grant can be turned into a $250,000 revamp of the Castlecliff Surf Club.
The grant, from 4 Regions Trust, was announced at a community meeting at Castlecliff School on Wednesday evening.
Whanganui's W&W Construction has partnered with Progress Castlecliff to squeeze as much out of the grant money as possible and a crowd funding campaign would be launched shortly to top up the funds.
Progress Castlecliff's Jamie Waugh says it's an example of what can be achieved when the community, council and private business work together.
In the past year Whanganui District Council had funded roading upgrades along Rangiora St which had encouraged private business to invest in the area and together had helped secure the community grant, he said.
"With that I think we should be on the way to getting the Surf Club up to what it was back in the 1960s and 1970s when it was in it's heyday," he said.
"It's an amazing asset and we should have that back up and going in the short term."
It was the first time the community had met since May last year when there was unanimous approval for Castlecliff Rejuvenation Project master plan and Mr Waugh talked about what progress had been made.
"We are proud to say that 11 months later we have delivered on behalf of the community," he said.
One block of Rangiora St had been beautified and The Citadel Cafe was up and running.
"People are meeting up there, meeting people in the community and there is a focus point now. But there's obviously more to do," he said.
"To get that first step done we need to finish Rangiora St and get that jewel in the crown, the Surf Club, up to scratch."
The Rejuvenation Project received $225,000 from council last year but Mr Waugh would be asking it to include further funding in this year's annual plan to finish Rangiora St.
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It was worthwhile use of ratepayer money, he said, and they had proven any council investment led to more private and charitable investment.
A petition was passed around at the meeting asking the council for continued financial support and people were encouraged to submit to the council's Annual Plan.
"What we need is as many signatures on that as we can," Mr Waugh said.
"The council needs to see that this has massive community support."
Whanganui District councillor Jenny Duncan told the meeting there was currently no money set aside in the draft Annual Plan to support the rejuvenation project.
"To me that's really unfortunate," she said. She said the only way it will get included was if people made submissions and turned up to the hearings.
"It does give more colour than if you just do an online submission. It just adds to the whole argument."