The owner of Urban Beach Hotel has said he would have preferred to open his beachside restaurant two years ago.
Mark Cribb, who has won a contract to open a restaurant in the refurbished Overstrand building when it opens next spring, says Boscombe's regeneration will press ahead despite the credit crunch.
He said: "Nobody wants to open a restaurant during a recession but sometimes opportunities present themselves and they ignore what's going on in the wider economy, as does Boscombe's regeneration, so we have to do it now.
"Hopefully in two or three years we will look back and say, 'well, it was difficult but it's all been worth it'."
Mark said he was disappointed about the delays to the surf reef but believed it was not the "be-all and end-all" of the town.
The new restaurant will be called Urban Reef and is due to open on Thursday, April 9, just before Easter.