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City rejects Las Olas bids

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City commissioners rejected in June two bids submitted for the redevelopment of Ft. Lauderdale’s Las Olas Marina.

Both IGY Marinas and Suntex Marina Investors submitted multimillion-dollar bids to revive and upgrade the marina, but commissioners were unclear on several factors of the proposals, especially when rent payments would begin and how they would be determined.

Because the bid documents were unclear, commissioners asked both companies to help clarify the guidelines, and then resubmit their bids. Meetings are planned for this summer.

The marina is on the east bank of the Intracoastal Waterway just north of Las Olas Boulevard.

 

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