Should a 'heads of agreement' be ratified by councillors, the PCYC is confident a participation agreement and lease "should all happen pretty quickly", making way for construction of the highly-anticipated $5.3 million multi-purpose complex in Hastings River Drive.

While PCYC's general manager property Lester Stump described next week's 'heads of agreement' proposal as a "launching pad", councillor Adam Roberts is anxious that further delays could end up costing the community.

Almost two years to the day since councillors voted unanimously on the massive upgrade, a frustrated Cr Roberts claims the project "is now at crisis point".

"The longer a project drags on, the more expensive it gets - and if there's a shortfall, it's ratepayers who will foot the bill," he said.

"Every year and every month this is delayed, the cost escalates.

"We have $5.3 million in pledged funding (state and federal governments), yet we still don't have an upgraded stadium.

"The federal government funding ($2.8 million) was contingent on the PCYC project (funded by $2.5 million from the state government) and there's no doubt in my mind that the total project is in jeopardy.

"In my view, the PCYC has bent over backwards to satisfy council and has answered every question asked of them to adequately address any concerns.

"If certain councillors no longer support the PCYC project they need to be upfront about it because it's dragged on long enough.

"There is an expectation in the community that this project will be delivered."

Mr Stump is decidedly more optimistic, stating that the PCYC is "very confident that council will look favourably on the opportunities in the agreement and what the PCYC will bring to the Port Macquarie Hastings area".

"We're very excited, as this will be a regional sports facility that we can drive programs from and attract more local, regional and state sporting and cultural events," he said.

Mayor Peter Besseling said he "hoped the matter would be resolved one way or another at the council meeting next week".

"I don't want to pre-empt anything prior to going to a council meeting, but council's role is to get the best outcome for the local community and that's what we're endeavouring to do," he said.

The News believes council is not able to move forward with the indoor stadium expansion until a participation agreement is reached with the PCYC.

Meanwhile, it is understood that PCYC can't commit the state government funding or PCYC resources until a viable participation agreement is in place.

The former Port Macquarie PCYC closed its doors in Bourne House in 2008.

The new indoor stadium is expected to be a true multi-purpose facility for all ages, boasting facilities for everything from gymnastics, ball sports and martial arts to a cafe, safer driving programs and fitness centre.

PORT Macquarie's premier indoor sporting teams are hopeful that plans to reinstate a PCYC and increase the capacity of Port Macquarie Indoor Sports Stadium will soon go ahead.

The return of PCYC to Port Macquarie is a huge plus for the area and the addition of more indoor sports space, such as additional basketball courts, which double as futsal courts and roller derby rinks, will keep everyone happy.

A $2.5 million state government commitment was made in May 2012. The council and PCYC have yet to reach a participation agreement.

With the commitment of state and federal funding, the stadium expansion project will cost $5.3 million and provide a huge boost to the local community.

Basketball, futsal and roller derby are the three most popular sports at the current stadium, and a green light for the project would be welcome news for the local clubs.

Port Macquarie Roller Derby would arguably be the biggest winners, with the popular and fast-growing sport currently having to run out of Wauchope.

Treasurer Susanne Day is hopeful that council will reach an agreement with the PCYC sooner rather than later.

"We are quite happy training out at Wauchope because we haven't had much luck in Port," she said.

"In saying that, we would love to hold our bouts in Port Macquarie.

"We are stuck out at Wauchope, which is awesome don't get me wrong, because we are only allowed one month per year to compete in our home town. It would be good to see this re-development go ahead to give us more options."

Mrs Day said she wasn't only looking out for her own sport, but for the entire community and the future of the town.

"I hope council can come to an agreement on it, not just for us, but for the whole community," she said.

"Obviously it would be great for the area, for our kids and our kid's kids."