FY 27 Budget Q&A #010: What would it cost to update the 2017 Marina Feasibility Study?
Question: What would it cost to update the 2017 Marina Feasibility Study? (Mayor Gaskins)
Response: The cost to update the 2017 Marina Feasibility Study would depend on the scope of work but is estimated to range up to $150,000 for a light to moderate update and $200,000 to $300,000 for a full technical, market, and environmental reassessment.
The original 2017 study evaluated potential expansion locations, marina infrastructure, amenities, operational needs, marketing analysis, and construction estimates. While potential locations remain generally consistent in 2026, a consultant would need to refresh and update infrastructure assumptions, construction costs, market conditions, regulatory and legal requirements, and environmental considerations.
The scope could be tailored to align with a designated budget and desired level of analysis.