Waterside Marina operator gets new 12-year lease

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NORFOLK, Va. (WAVY) — Improvements could be on the horizon for Norfolk’s Waterside Marina. 

Norfolk City Council voted unanimously on Tuesday to give Waterside Marina, LLC, a new 12-year lease on the facility.

The lease covers an area that includes the 32-slip facility known as the Waterside Marina, a 700 square foot laundry and shower facility inside Waterside District and much of the docking space to the north of Nauticus. 

Earlier this year, the city put out a request for proposals in order to have something “even more impactful down there.” Only two proposals were received — one by Waterside Marina, LLC and one by Maryland-based Oasis Marina.

Waterside Marina has managed the facility Since 2005, according to a 2012 lease agreement.

The previous lease — which returned 25 percent of revenues to the city — was set to expire at the end of the year. The new lease will only cost the marina 5 percent of their gross revenues per month.

According to the winning proposal, parent company Rover Marine, Inc. would spend $612,000 to replace the existing floating docks.

In addition, the marina would install gateway arches at both the East and West entrance, add new artwork and designate space on the floating dock for kayaks. 

Possible phase two improvements would add a floating dock and fuel facilities behind the Sheraton Norfolk Waterside Hotel. 

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