Mega yachts and large ships will be able to navigate Port Everglades and the ICW as the approved deepening of the Port entrance and the ICW are completed. This will be a positive impact on Fort Lauderdale as it will be able to attract larger vessels and larger Mega Yachts.
Deepening of The IntraCoastal Waterway and Port Everglades will be soon begin. Permits have been issued and bids are out for RFP.
Port Everglades will be deepened from 42′ to 48′ and the ICW will be deepened to 17′ from the 17th Street Bridge to the Sunrise Bridge. This is welcomed news to Private Boaters and the marine industry. It is expected to add about 4,700 construction jobs and about 1,500 permanent jobs to the area. The total cost is expected to be $374 million and will be paid with Port Fees, Federal money and state funding according to the Sun Sentinel. Local taxes will not be used to fund this project.
Larger yachts gaining access to our area waters will give an added benefit to Fort Lauderdale waterfront homes. Eileen Kedersha, realtor with One Sotheby’s International Realty in Fort Lauderdale and Miami stated, “We have already been in touch with several prospective buyers that have showed interest in purchasing homes in Fort Lauderdale if the waterways can accommodate their Mega Yacht’s draft”.