We are unable to sell our Glasgow flats, this quay wall needs fixed
(Image: Perceptive)
The council said the costs are more than the quay wall budget and there are no plans to revisit it.
The residents association said the risks are increasing the longer the issue drags on.
Kenny McFarland, Chairman of The Waterfront Residents Owners Association, said: 'This is an urgent crisis.
"The lack of action is not only impacting our homes but also Glasgow's wider development goals for the riverside.
"We are calling on local and national government to step in and provide the necessary funding to resolve this crisis.
'The longer this issue remains unresolved, the greater the risk and the higher the cost."
There are 278 owners in the development.
Other owners told how it impacts them.
One woman, Erin, who owns a property at the development, said she only went ahead with buying her flat after she was advised that the wall was going to be fixed by the council.
She tried to sell last year but it fell though after the buyer was unable to secure a mortgage on the property, which in turn prevented her buying a new home with her partner.
Erin said: 'My life is on hold and my entire life savings are all wrapped up in my flat. This full episode has caused me a huge amount of stress and upset - I just want to move on with my life.'
Another resident, who wished to remain anonymous, is also unable to buy a new home.
They said: 'My money is tied up in this property and I have absolutely no desire to become a landlord given all of the costs and challenges associated.
'I just want to be able to sell my property at a fair price to someone looking to get on the property ladder in Glasgow. Given the housing crisis this should not be that hard. To be honest, I just feel like a prisoner in my own home.'
The residents showed local Labour politicians, Paul Sweeney MSP and Zubir Ahmed MSP the site and shared their concerns.
A spokesperson for Glasgow City Council said: 'After the completion of the procurement process for the contract to deliver the works at Windmillcroft Quay, on the south bank of the Clyde at Tradeston, a decision was last year made not to proceed with the project due to excessively high costs - and therefore no contract award was made.
'These costs greatly exceed the available Glasgow City Region City Deal budget for the project. Throughout the design process a range of solutions were developed, assessed and re-appraised.
'After full analysis of the site and its conditions, the current design solution was the only viable option for City Deal investment. Therefore, there is no further design work or procurement procedure to follow under the City Deal programme.'
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