Marina Deal on Hold - Aquatarium & Tall Ships Landing

Last edited Thu Aug 8, 2013, 04:44 AM - Edit history (10)

Concerns from residents of the Boardwalk condominium have prompted councillors to put off a vote on Tunnel Bay docking and a marina agreement with Tall Ships Landing/Aquatarium developer Simon Fuller - a deal that was scheduled to go to council next Tuesday.

The decision comes after changes were made to the docking configuration south of the Boardwalk that has been called the “hockey stick” because of its shape, said Mayor David Henderson. Since then, Fisheries and Oceans Canada has told the city to cut three metres off the dock, while further talks involving the city, Fuller Group and the boat club have resulted in more changes to that design. But Tunnel Bay Boat Club member Larry O'Brien said the changes to the deal came as a surprise to him.

“The hockey stick is turning into a boomerang. It's extending further out into the basin,” he said.

The Brockville lawyer believes the deal, which includes a 25-year lease agreement with Fuller that involves the nearby docking facilities at Ernie Fox Quay, needs scrutiny by the waterfront task force set up by the city's economic development department.

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One of the questions Henderson has concerns the lease itself, which calls for the city to get 20 per cent of the gross annual mooring revenue received from the Ernie Fox and Broad Street water lots. It defines gross revenue as “the total revenue from the said water lots less the developer’s capital repayment on the capital improvements, i.e. docks (on the said water lots).” Henderson is awaiting word from staff on whether that includes both principal and interest on Fuller's repayment.

http://www.recorder.ca/2012/12/06/marina-deal-on-hold

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Goes from a hockey stick to a boomerang. Hilarious.



Part of the $114 million dollar luxury development.
also looks like The Aquatarium.com domain is for sale on Ebay