St. Augustine Beach officials suggest P3 to replace aging pier

Florida-  The St. Johns County Ocean Pier is in danger of disappearing despite being rebuilt several times over the years. A study performed on the pier several years ago showed that the pier only had about 10 years left. However, after the recent hurricane, this prediction may need to be revisited. Currently, the pier and adjoining parking lot are owned by the county, but the city of St. Augustine Beach would like to take over the land and save the pier through a public-private partnership (P3).

 

The city estimates replacing the pier would cost between $10 to $14 million and has proposed using hotel and motel occupancy tax dollars for bonds. City officials have been tasked to create a report on the current state of the pier and how the city plans to approach the effort, as well as finding organizations that could give the city advice on forming a P3