$17 million FIND Intracoastal deepening project commences May 18, 2016
The Florida Inland Navigation District began the Intracoastal Waterway deepening Wednesday to allow for better passage of commercial and private vessels.
A deeper Intracoastal will result in an increased economic benefit to the commercial and recreational marine industry, which will benefit all South Florida residents and help secure our region’s position as an international marine hub. This is FIND’s largest dredge ever.
In order to remain a leading marine destination, Fort Lauderdale’s waterways must remain open and accessible to boats of all sizes. The dredging of the Intracoastal from 10 feet to an overall depth of 17 feet should help protect the 110,000 Broward residents who are employed by the marine industry and 136,000 in South Florida.
“Vessels are getting larger, and they can go anywhere in the world,” said Mark Crosley, executive director of FIND, explaining how this will benefit South Florida’s marine industry. Florida Inland Navigation District is a special state taxing district tasked with managing and maintaining the Atlantic Intracoastal Waterway.
The Intracoastal dredge begins at the 17th Street Causeway and Intracoastal with work continuing to Sunrise Boulevard. Benefits of this dredge include allowing vessels with deeper drafts more options when visiting Greater Fort Lauderdale in addition to providing a significant economic impact for local businesses. To receive updates on the status of the project, email IWWdredgeposition@jaycashman.com.
Cashman Dredging recently completed a $7 million dredge of the Dania Cut-off Canal that resulted in a $23 million economic benefit to Broward County in the first year after completion, according to a study by Thomas J. Murray & Associates. This financial benefit included $11 million in additional revenues for boatyards, hotel room nights, restaurants and other local businesses. A much more substantial benefit is expected from the Intracoastal dredge.