The plot of the unmade #GODZILLA 1994:

"Somewhere in the icy waters off Alaska, a salvaged ship is retrieving reactor cores dumped there by the Soviet Union during the Cold War. Something goes wrong and a mammoth explosion destroys the ship. On shore, the snow catches fire and a crevice opens up, oozing out steaming piles of what appears to be blood. A U.S. government scientist called Keith Llwellyn is flown to the site to investigate the incident, leaving behind his wife Jill Llewellyn and daughter Tina Llewellyn behind. 

Soldiers carry off entire barrels of the 'blood', which upon examination resembles nothing more than amniotic fluid. Upon arriving, Keith and a few other scientists discover Godzilla in the caverns, where the 'blood' was oozing off from. The monster awakens and unintentionally kills the investigation team. Godzilla then attacks the Japanese Kurila islands. A surviving fisherman calls the monster "Godzilla", after recognizing him from an ancient Japanese legend. 

Twelve years later, cryptozoologists Aaron Vaught, a best-selling author and his assistant Marty Keno, sneak into a mental hospital in Japan to interview the fisherman, and the fisherman shows them pictures he drew of Godzilla locked in battle with another monster. The military police then arrive and apprehend Vaught and Keno. 

Somewhere in Kentucky, a meteor crashes into lake 'Apopka'. In Massachusetts, the U.S. military has established the St. George project, a top-secret project to find Godzilla. Jill Llewellyn is the project's director. Vought is brought on board to help find Godzilla, despite that Jill doesn't approve of the idea. Meanwhile, back in Alaska, another military base was constructed where Godzilla was first found. Then, a strange light was seen illuminating from a previously undiscovered cave, branching off from Godzilla's cells. 

In lake Apopka, the strange bio-metallic meteor begins to stir, flowing through the sediment like a mass of liquid metal. The probe enters a cave and absorbs a whole colony of bats, creating 12-foot wingspan creatures called "probe-bats". Vaught, Llewellyn and Keno fly to the facility in Alaska where the amniotic fluid has begun to flow again in the cavern. 

Vaught then insisted this was the proper time for Godzilla to be reawakened, but the salvaged ship disrupted things and released them early. The side cave is lined with strange organic structures, remnants of an ancient society with advanced bio-technology. No one sees a small creature strike Marty Keno and bury into his neck, even Keno doesn't fell the creature burrowing into his neck. Events progress in Kentucky, as strange events occur. 

In the Pacific, Godzilla is reported swimming towards San Francisco, where the St. George project is established at the procedure. Llewellyn and Vought soon arrive but Keno becomes ill and is rushed to a hospital. The navy is the dispatched to counter Godzilla. After a crushing defeat, the military considers using a small nuclear device to destroy the monster, but Vought advises against it. He feels that Godzilla is a living nuclear reactor, and that what the monster breathes is not fire but something that ionizes oxygen so great it turns it into heat. Llewellyn further postulates that the amniotic fluid was not food as previously supposed, but a tranquilizer to keep Godzilla asleep. The fluid is hastily spread at the mouth of San Francisco Bay. Godzilla swims right into the oily liquid and collapses on the southern extremity of the Golden Gate Bridge. 

The military secures the unconscious Godzilla and airlifts him back to the St. George project in Massachusetts, where he is housed in a huge hangar. Tina realizes that her mother has been trying to hunt and kill Godzilla for the past twelve years. She protested that the monster is just a force of nature, not responsible for the damage he causes. Not wishing to listen to this point of view, Jill sends her daughter to stay with her aunt in New York. At an army hospital, the strange infection Keno has grows worse, consuming his internal organs and leaving his face lifeless and with eyes pitch black. 

Before he dies, Keno tells Llewellyn that he has been taken over by an ancient force. The force has told him of his history and the threat that has come to Earth: an alien civilization that deploys probes to aid its colonization of the universe. These probes consume the native life of the target world and create a doomsday beast from the genetic material. 

By the time the aliens arrive, the probe would have wiped out all the life on Earth. An ancient Earth civilization warded off these probes by crafting Godzilla from the dinosaur genes. Godzilla would awaken when the probes arrived and destroyed them before they could reproduce. 

In Kentucky, the probe bats continue to absorb animals, returning to the cave with their genetic collections to deliver to the main mass of the probe, which is slowly starting to take on a definitive form. Vaught, upon hearing Kino's story, concludes that Godzilla was headed for Kentucky, where the meteor crashed. Local store keeper Nelson Fleer drives Vought to the lake. The two men don scuba gear and dive into the water. They discover a tunnel leading upwards from the bottom of the lake that leads them into a series of caves. Vought is terrified when he sees a giant paw. The paw is attached to the newly formed shape the probe has assumed. The monster has the body of a puma, the huge wings of a bat and a hydra-headed tongue composed of snakes. The probe has become The Gryphon, of the Japanese fisherman's drawings. Fleer accidentally bangs his air tank and gets the cave wall. The sound then awakens the dormant Gryphon, and the men hastily retreat but the monster pursues them. As they surface, they seems safe. Suddenly the water churns and the Gryphon emerges into the air. The Gryphon flies away and heads to Harrisburg, Virginia. 

The monster destroys a train and a blast fuel storage tank with energy bullets, killing hundreds of people in the process. Despite the dip of amniotic fluid being given to him, Godzilla awakens, destroying the hangar and slipping into the Atlantic. It is clear that he has sensed the Gryphon's awakening. It is later determined that the two monsters will run into each other in New York. Jill tries to make her way into the city to save Tina in the midst of the evacuation. She is trapped in the Queens Midtown Tunnel when Godzilla steps on it, but manages to swim to safety. Jill finds her daughter as the Gryphon arrives and engages Godzilla in battle. The Gryphon attacks Godzilla from the sky, forcing the dinosaur back to the shore. Godzilla loses at first because a tank filled with the amniotic fluid is still attached to his neck, but Fleer and Vought manage to destroy the tank and Godzilla begins taking the upper hand against the Gryphon. Victorious, Godzilla roars and returns to the sea. Air force jets begin to attack the monster, but Jill Llewellyn calls them off and finally comes to terms with Keith's death and forgives Godzilla. Jill, Tina, Vought and Fleer watch from the shore as Godzilla disappears into the ocean."

Tristar wanted to shoot this movie on a lower budget and that's why Jan de Bont left the project. Basically, Terry Rossio and Ted Eliott wrote the screenplay, which TriStar liked and looked for directors to direct the film. Jan De Bont was hired, after the success of Speed, but budget issues forced him to leave the project. 

You know what else makes TriStar stupid? De Bont wanted the film's budget to be $130 million, but TriStar didn't want to put that large amount of money into it. Take a good guess what Godzilla 1998's budget was? $130 Million! 

Also, Toho offered Tristar to use either King Ghidorah and/or Mothra in the Emmerich Godzilla. Apparently, Tristar refused.

Also, Stan Winston designed Godzilla for the original project, here it is. Shame this version never came to life.