$6 Million for Marina Reconstruction
Posted December 10, 2013 at 5:04 am by Tim Dustrude
On December 4th, the Port of Friday Harbor Commission approved borrowing $6 million in a general obligation bond from Islander’s Bank. The funds will be used to pay for the final phase of a multi-year marina reconstruction project. The Commission is pleased to work with Islander’s Bank and this is the first time the Port will work with a local lending institution to fund a major capital project.
The Port issued a call for bids for the reconstruction of the oldest parts of the marina – C, E and F docks. The wooden docks will be replaced with concrete floats. Ninety wooden pilings will be removed and fifty-four steel pilings will secure the new structures. The marina’s electrical system will be upgraded at the same time.
The earlier phases of the marina reconstruction project were funded with revenues saved from marina operations and dedicated to the Marina Reconstruction Fund. More than $1.3 million in electrical and dock upgrades have been performed over the last five years.
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