The Dickinson Development Corporation has postponed their closing date with Dover's waterfront development project and will begin payments to the city of $10,000 a month until they break ground. Mark Dickinson is currently lining up equity investors for the waterfront project and still needs to complete approvals and permits once investors are in place. Back on August 26 of 2009, Dickinson signed a contract with the city of Dover, stating he would close on the property along the waterfront within three years. The contract stated if he were unable to do so by August 26, 2012, he would pay the city $10,000 per month for up to 24 months. Dickinson has planned, and the city has approved, the Dover waterfront development, which includes luxurious apartments, a restaurant and commercial buildings, parking, and a new traffic loop to the city.