Marina showdown: Inside the proposed $80M redevelopment of Rickenbacker Marina, Marine Stadium Marina

The redevelopment fate of two Virginia Key marinas will appear on the Nov. 3 ballot in Miami, putting into the hands of voters an $80 million overhaul and a private-operator lease that could last up to 75 years.  The proposed lease with Virginia Key LLC, a joint venture between Miami Beach-based RCI Marine Group and Dallas-based Suntex Marinas, would give the joint venture control of 27.6 acres encompassing the Rickenbacker Marina and Marine Stadium Marina properties, with a 45-year initial term and two 15-year renewal options. The redevelopment proposal would expand and modernize the marinas with dry and wet boat […]

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