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MIAMI (CBSMiami) — Plans to restore the iconic Miami Marine Stadium were announced last week with much fanfare but the plans hit a major roadblock Thursday when commissioners put a stop to it.

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But all may not be lost.

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In 2010, the city commission approved a proposal from the group Friends of Miami Marine Stadium for the remodeling of the Marine Stadium, the greenery to the right and an expo center.

The dollar amount was never discussed until Friday when a $121 million proposal was presented to the commission.

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“I would have said the city would not have agreed to the big plans but, on their defense, I would say they rushed into it because of the boat show” said Miami Mayor Tomas Regalado.

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At Thursdays commission meeting in Miami, Friends of Miami Marine Stadium asked the commission to extend that agreement and allow them to go forward with the rehabilitation of the Marine Stadium due to the lack of time.

“We rushed to save the boat show and for the city of Miami,” said George Hernandez with friends of Miami Marine Stadium.

Mayor Regalado along with the other commissioners agree the Miami Marine Stadium should be renovated and that is their priority for now.

The commission has given friends of Miami Marine Stadium until January 8th to present a new proposal.

For now, the fundraising of the Miami Marine Stadium continues.

It is a $30 million project privately funded of which $22 million have already been raised.

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Marybel Rodriguez