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Famed Miami boatyard has a new owner

The iconic Merrill-Stevens boatyard in Miami has a new owner with ambitious plans to renovate the facility, which has been a mainstay on the Miami River since the 1920s.

The landmark boatyard, which serviced the megayachts of such people as Malcolm Forbes and Ivana Trump, struggled during the recession, when boat repair work ground to a halt and the owners laid off employees and virtually shut down operations.

Click here for the full release from Marlow Yachts.

Click here for a Miami Herald report and here for a report by the South Florida Business Journal.

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