Lake Park Harbor Marina developer sues town over 99-year lease
LitigationDec 2025
Forest Development filed suit after Lake Park officials missed a state Cabinet approval date and paused an environmental permit. The project: 280-boat storage, 260-room Marriott, 30,000-sq-ft restaurant on town-owned waterfront. The four 99-year leases are worth $4.2M in the first 10 years — nothing for the remaining 89.
Why This Matters
Legal disputes in the marina space can affect deal timelines, valuations, and ownership structures. Proxy fights and shareholder activism increasingly shape the industry.
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