The academy building is located in Osprey Quay on the northern tip of the island, and the waters of Portland Harbour and Weymouth Bay, adjacent to the site, are the main areas used for sailing.The harbour covers an area of 8.6 square kilometres (2,125 acres),[4] and is ideal for sailing as it is exposed to reliable winds from most directions, but is sheltered from large waves and currents by Chesil Beach and the breakwaters.[5] In November 2007, the South West Regional Development Agency signed a deal with Sutton Harbour Group to construct a 3-hectare (7-acre) year-round tourist and leisure complex in Osprey Quay, between Portland Castle and the academy.The £30 million scheme, called Castle Court, includes a hotel, apartments, public areas, a restaurant, shops and other employment space, and is expected to create 300 jobs.[10] Local events are also held at the academy; nearby schools have extra-curricular sailing lessons, and in October each year WPNSA hosts Weymouth Speed Week.The Olympic Delivery Authority has built upon these facilities providing a new 220m slipway accessible at all states of tide and wind, an additional 70 marina berths and an extended dinghy park with capacity for 600 boats.