Skip to main content

Contract delays hold up Derecktor yard in Fort Pierce

A working port could bring 900 jobs to Fort Pierce.

A working port could bring 900 jobs to Fort Pierce.

Derecktor Shipyards’ plans for a 30-year lease worth at least $33 million to open a facility in the Port of Fort Pierce, Fla., have been put on hold because St. Lucie County officials say questions about submerged lands and insurance remain unanswered.

“While considerable progress has been made in these negotiations, some of the outstanding issues involve the submerged-land lease with the state, insurance questions and a number of other complex issues that you would expect to see in a multi-decade lease agreement,” Howard Tipton, county administrator wrote last Monday in a letter to the county commission, according to the tcpalm.com website.

The hope had been that the agreement could be reached by last Tuesday, but Tipton further wrote in the letter, “it is better to get it right than get it fast.”

Last November, the commission selected Derecktor’s Dania Beach, Fla., facility to operate a mega-yacht repair center at the port to bring jobs to the northwest part of the county. Tipton was given three months to get the contract signed.

As of last Monday, the county and Derecktor had agreed to the following terms:

  • $1.1 million annual rent starting September 1, 2020.
  • 30-year lease with the option for three 15-year renewals.
  • Relocation of Derecktor’s corporate headquarters from Dania Beach to Fort Pierce within three years of beginning regular operations.
  • Derecktor would start a training program at Indian River State College.

Related

Mercury Introduces Joystick Piloting for Single-Outboard Pontoons

Only previously available on multi-outboard boats, joystick piloting now will be offered for single-outboard pontoon boats.

U.S. and U.K. to Discuss Retaliatory Tariffs on U.S. Boat Imports.

The nations plan to negotiate retaliatory tariffs on U.S.-made boats entering the United Kingdom.

Limestone Boat Company Launches the L-200R

The company also announces the release of an electric outboard roadmap and the availability of Aquasport boats in Canada.

A Tax Incentive for Innovation

A deep dive into the research and development tax credit usually yields savings

ABYC Reschedules Meetings

Postponed due to Covid, the annual meeting goes virtual in February, and the Marine Law Symposium moves to April in Providence, R.I.

Daiwa Appoints Marketing Manager

Marc Mills will handle marketing efforts for North American and South American markets.

VIP Access Available for MIBS

The tickets include admission to the VIP lounges at One Herald Plaza and the Miami Beach Convention Center, along with other perks.

South Fork Wind Farm Gets EPA Approval

The Clean Air Act permit contains pollution control requirements for the construction and operation of the wind farm, which will be located southwest of Martha’s Vineyard.