The furore over Skydive the Beach and its use of Stuart Park shows no signs of slowing down.

But Wollongong City Council won't revisit the matter until next month at the latest, when a report on the lease for Stuart Park is due to be presented.

This is despite independent councillor Greg Petty moving at the March 9 council meeting that the council get a government valuation for Stuart Park and call for competitive tenders for the use of the Wollongong drop zones.

Councillors did not debate the motion but residents John Riggall and Stephen Spencer used the council's public access forum to call for Wollongong to launch its own competitive tender process and get a better deal for the city's ratepayers.

The pair say Wollongong ratepayers have missed out on "several million dollars" from the successful company because the council is not charging enough to allow skydivers to land in Stuart Park.

Speaking at the meeting, Mr Riggall pointed out the company's agreement with Port Phillip Council in Victoria, where it pays more than $125,000 a year for the right to land in a park on the St Kilda foreshore.

This is in stark contrast to the $7793 it pays Wollongong council to land in both Stuart and Dalton parks.

The debate about Skydive the Beach's use of public land reignited after it revealed plans to list on the stock exchange and raise up to $20 million by selling new shares.

Over the past two years, Skydive the Beach has been negotiating with the council for permission to build a new administration building in Stuart Park to replace its ageing cottage headquarters.

In January, the council's Independent Hearing and Assessment Panel recommended the building be approved. The council is negotiating with the company over the lease of the site.