Three bids have been submitted to the City of Miami to redevelop Virginia Key Marina, according to The Miami Herald.

Part of the bids would be to increase the wet slips from 198 to 498, build a public boat ramp and pay $3.45 million towards a 45,000 square foot public garage. The restaurant Rusty Pelican is the only part of the 53 acres that won't need to be redeveloped. The base rent will be $2.15 million a year, plus a percentage of gross sales.