By Dorie Cox
Two bids to develop a megayacht repair facility in Fort Pierce, Florida, are under evaluation. Derecktor Holdings Inc. and Fort Pierce Yacht and Ship, LLC run by Buddy Haack, submitted separate bids to build and manage a business in the 290-acre port located about 40 miles north of West Palm Beach and about 100 miles north of Fort Lauderdale.
St. Lucie County, the port authority for Fort Pierce, plans to purchase 12 acres of “the only working waterfront at the port of Fort Pierce … to develop a megayacht maintenance, overhaul and refitting facility,” according to Howard Tipton, St. Lucie County administrator, in a TCPalm.com video online.
James Brewer, in charge of business development with Derecktor in South Florida, said the company has submitted a proposal and will “see how things develop.”
Fort Pierce Yacht and Ship submitted the other bid. Haack previously repaired several large yachts on the property in 2016 as managing partner with Taylor Lane Yacht and Ship. He is joined by two new investors with the new company and Haack said they are in the process of purchasing a 5,000 ton dry dock.
“It’s 300 feet and we think that’s the tool we need,” Haack said by phone in June. “It can haul up to 105 meters for yachts like Kismet or Limitless. There are a slew of 100 meter yachts. This will be another option for yachts in season when everybody is swamped.”
A selection committee will recommend one of the bids to the county commission by Aug. 8.
To see the video and read more, click here.
Dorie Cox is editor of The Triton. Comments are welcome below.