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Treasure Island developers say marina financing secured; Suntex named operator
Summary
Treasure Island Enterprises told the TIDA board it has executed a joint venture with Suntex Marinas and says Suntex is capitalized to fund the roughly $25 million build of a 164'168-slip marina; TIE and Suntex aim to begin in-water construction in June 2026, subject to permits and BCDC seasonal windows.
Treasure Island Enterprises (TIE) told the Treasure Island Development Authority board it has reached a joint-venture agreement with Suntex Marinas and is prepared to move forward with construction of a marina the developers have planned for years.
Jay Wallace, representing TIE, said the marina's design and slip count remain the same as previously approved. "It's still a 164, 168 slips," Wallace said, adding that Suntex "is fully capitalized, ready to spend the $25 plus million that is necessary to build the marina." The board heard that Suntex acquired the operations of Almar Marinas…
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