Texas Company to Build Mega Yacht Marina in Puerto Rico

The multimillion-dollar project by Safe Harbor Marinas is expected to generate over $10 million in annual economic activity.

Safe Harbor Marinas, a Texas-based company, has signed a multimillion-dollar contract with Puerto Rico's government to build a marina for mega yachts in San Juan.
The new marina will cover more than 180,000 square feet and will be located in the two docks that currently accept yachts.
The marina will be able to accommodate roughly six yachts at a time and will offer shore power and water connections, sanitary pumping and high-speed internet.
Safe Harbor Marinas will invest between $12 million and $15 million, and the 40-year concession lease agreement calls for Puerto Rico’s Port Authority to receive $200,000 a year in rental fees.
The project is expected to generate more than $10 million a year in economic activity and attract up to 200 yachts a year.