What: Two unsolicited public-private proposals to redevelop Yacht Club Community Park, which Council designated a qualifying public project by Resolution 381-25 on December 10, 2025.
Where it stands: On 2026-09-23 staff recommended considering the CMB Marine and Yacht Clubs of America proposal for negotiation; most council members who spoke favored analyzing it further. No vote was stated. Many residents opposed hotels and townhomes on the park.
2026-09-23 - Committee of the Whole - Residents opposed the proposals during public comment. Assistant City Manager Mark Mason compared them: the Force Development proposal (about $250 million, hotel, townhomes, 99-year lease, about $105 million of city public-improvement costs) and the CMB Marine proposal (130 wet slips, 685-space garage, hotel, 99-year concession lease, about $41 million combined revenue estimate). Both paid the $25,000 submission payment. Staff recommended the CMB Marine proposal for negotiation; most members who spoke agreed, one said neither, with no formal vote. Performance bonds would be required in a later development agreement, not for the unsolicited proposal.