Ventura Port District reviewing new leaseholder for Parcel 20, including marina and boatyard

VENTURA—Plans have been set in motion for a new leaseholder to take over Ventura’s Parcel 20 and for redevelopment on the site. The Ventura Board of Port Commissioners received an informational report about the buyer and potential future development for Parcel 20 at a special meeting on Aug. 19. Ventura Harbor Marine Associates, LLC (VHMA) is the current master lease holder for Parcel 20, which includes a sublease with Ventura Harbor Marina and Yacht Yard (VHMYY). VHMA has submitted a formal request to the District to sell the remaining leasehold to Derecktor Marine Holdings (DMH). DMH is also seeking a 50-year lease option, which is being reviewed by the Port District. DMH has also communicated a goal of implementing a new development plan for Parcel 20, based in part on the VHMYY Expansion Project, a plan submitted by VHMA and approved by the Board in November 2015. The project plans included increasing the number of boat slips from 40 to 80; constructing an expanded dock structure; relocating the fuel dock; onshore parking improvements; and, other related facility improvements including a new American with Disabilities Act (ADA) ramp and new two-story marine building with added restroom/shower facilities. “To date we’ve spent well over $5 million...