Contract delays hold up Derecktor yard in Fort Pierce

Author:
Publish date:
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

Suzuki Powers Forest River’s New Nepallo Pontoon Boats

The new Nepallo line of pontoon boats with Suzuki engines will be sold at select Camping World and Gander RV & Outdoors stores.

West Marine CEO to Keynote Annual MRA Event

With a “Climate for Change” theme, the Marine Recreation Association’s Educational Conference and Trade Show is set for Oct. 11-13.

Skeeter Owner’s Tourney Held on Lake Fork

A field of 2,000 anglers in 1,000 boats saw a nearly 10-pound bass capture first place in the annual Skeeter owner’s tournament.

Email Remains a Vital Marketing Tool for Dealers

A content marketing staple, emails can consistently deliver valuable and relevant information, if done correctly.

ABYC to Publish Largest-Ever Standards Manual

The nonprofit is offering pre-orders until June 18 of its updated standards manual, with a publication date of July 31.

Furuno, Simrad Add SiriusXM Fish Mapping Suite

The subscription-based service offers offshore anglers a suite of technology with which to locate and catch more fish.