FIND Awards $1 Million Grant To Palm Beach Marina
Published on October 19, 2020The Florida Inland Navigation District (FIND) has awarded the town of Palm Beach a $1 million grant toward the estimated $38 million marina renovation. This is in addition to the $3.1 FIND awarded last year. FIND is a special state taxing district for the management and maintenance of the Intracoastal Waterway.
The marina project, overseen by general contractor Murry Logan Construction, includes the expansion of 84 slips to accommodate larger vessels, replacement of floating and stationary docks, construction of a new dock and installation of a new security system. Work began May 1 and is expected to be completed by November 2021.
Town officials expect the new marina to better meet market demand for floating docks, larger slips and more modern facilities generating a net annual revenue in the $10 million to $12 million range.
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