The City of Fort Lauderdale needs more time to review the lease for the proposed Schlitterbahn Water Park, county commissioners decided at their Tuesday meeting.
Commissioners agreed they didn’t receive enough time to review the 67-page document, which they were presented with just one day earlier. The vote will now take place during a special meeting on July 10.
The city has until that date to approve Schlitterbahn’s proposed lease for the Fort Lauderdale Executive Airport parcels that sit west of Interstate 95 and north of Commercial Boulevard.
According to the Sun-Sentinel, commissioners aren’t so much concerned about the water park itself, but which entity would cover costs if the project fails and needs to be torn down. Though Schlitterbahn proposed a demolition bond extending a year after construction is completed, some commissioners said it should cover the full 30-year lease.
The terms of the lease include an annual rent of $810,000, with a $1 surcharge added to the tickets to the park and Lockhart Stadium events to fund the property’s upkeep. [Sun-Sentinel] -Kerry Barger