Watson Island in the Foreground
In May, Miami Commissioners gave approval for the developer Flagstone Property Group to begin construction by June 2, but that date has come and go nothing has been done to the site.
According to the Miami Herald, Flagstone hasn't applied for building permits, but they say, "“construction work” had indeed begun by June 2 — because, they say, a diver mapped and surveyed corals and sea grasses that must be moved or replaced elsewhere in the bay before dredging and construction of the marina can begin."
Flagstone has been paying $2 million a year in rent based on 2001 values, when the actual value should be around $7.2 million.
Flagstone claims marina construction should begin by December.