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South Florida

Fort Lauderdale marina declares bankruptcy

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The Fort Lauderdale BoatClub has filed for Chapter 11 banruptcy, declaring $13.5 million in assets and $10.3 million in liabilities. The move came after a failed investment at the Fort Lauderdale marina, which was formerly known as Jackson Marine, the South Florida Business Journal reported. The marina, which is located at 1915 SW 21st Avenue, was purchased in 2006 for or $16 million with a loan from Jacksonville-based EverBank. The investors had originally planned to sell off the boat spaces as part of a so-called “dockominium,” but the project was interrupted by an $11 million foreclosure action filed in August 2011. [SFBJ] – Christopher Cameron

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BankruptcyForeclosures