Talks to revive the stalled $3.5b Baha Mar resort casino project in the Bahamas have been extended but even if a resolution is reached, it could be another year before the unfinished project opens to the public.

Developer Baha Mar Ltd filed for Chapter 11 bankruptcy protection this summer after falling out with the project’s principal contractor and its chief financial backer, both of which are Chinese state-owned firms. A frustrated Bahamian government had threatened to ‘wind up’ the project unless the bickering parties were able to resolve their differences by Nov. 2.

On Tuesday, the Bahamas Supreme Court extended the deadline for the government’s winding up petition until Nov. 25. The extension had been requested by the Bahamas’ attorney general’s office on behalf of government stakeholders. The project is immensely important to the Bahamian government, especially after over 2,000 workers received layoff notices last week.

Baha Mar Ltd has accused contractor China Construction America (CCA) of failing to meet development timelines, while CCA counterclaimed that Baha Mar Ltd is broke and can’t pay its bills. The Export-Import Bank of China (EXIM) has reportedly been asked to cough up anywhere from $300m to $600m on top of the $2.5b it has already fronted in order to complete the unfinished project.