The City of Fort Lauderdale and SunTex Marinas broke ground on the new Las Olas Marina Thursday as part of a public/private partnership.
In addition to being the future location of the expanded Fort Lauderdale International Boat Show, the iconic marina will redefine the Fort Lauderdale waterfront featuring fine dining, boutique retail, state-of-the-art infrastructure improvements, and lush pedestrian-friendly landscape.
The $70 million project will be built and paid for by SunTex Marinas and is estimated to take 24 months to complete. Plans for the new Las Olas Marina include:
• 7,000 linear feet of dockage
• a three-story 31,000-square-foot marine services building with a casual restaurant, ship store, office space, a gym, a swimming pool, and an outdoor patio
• a two-story 15,000-square-foot upscale waterfront restaurant with outdoor dining areas
The project will create 650+ jobs during construction and 1,110 full-time equivalent jobs. It is also expected to generate $221 million in annual economic impact, $6 million in annual state local tax revenue, and $446,000 in annual real estate property tax revenue.
Upon completion, the Las Olas Marina project will create a signature destination offering spectacular views of the Intracoastal Waterway that will enhance Fort Lauderdale’s position as the “Yachting Capital of the World.”
Original source can be found here.
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