Approve equity transfer of Richmond Marina lease to Blackstone Infrastructure

Richmond MarinaContractsEconomic Development

In Plain English

Safe Harbor Marinas is selling its ownership stake in the Richmond Marina lease to BIP Poseidon Holdco, which is part of Blackstone Infrastructure investment firm. The same company will continue operating the marina under the existing lease that runs until 2055. If approved, the city receives $1 million in property transfer tax from the sale.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Mayor MartinezSeconded by: Vice Mayor Zepeda
Passed

Public Comments

2 public comments — 2 spoken

  • Michael FitzhughVia Zoom
  • Michael FitzhughVia Zoom