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Council members press for firm answer as Safe Harbor ownership change clouds marina deal
Summary
Council members pressed administration for a clearer timeline on a marina redevelopment agreement after Safe Harbor’s parent company changed ownership. Staff said a red‑line of a draft deal was expected next week; council members said they want a decision soon and raised concerns about private equity ownership.
Council members pressed the administration for a clearer update on plans to redevelop the city marina after the private operator Safe Harbor was taken over by a private equity buyer.
Staff said the city provided a draft agreement to Safe Harbor and was awaiting a "red line" from the operator's attorneys; as of the meeting staff said they were told the red line was expected next week. "We have provided a draft agreement to their attorneys, and we are waiting now a red line," a staff speaker told council members.
The agreement's prospects became more politically sensitive…
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