Construction And Delivery Dates Pushed Back For Margaritaville Hollywood
And so it begins…..
This afternoon (Wednesday March 21, 2012), Hollywood City Commissioners approved permission for Margaritaville developer Lon Tabatchnik to push back the opening dates for the new resort from March 2014 back to August 2014. There was no discussion during the commission meeting regarding this matter and it was approved via consent agenda. And don’t expect to see any activity on the location any time soon as site clearance of the property on Johnson St. and the Hollywood Broadwalk and A1A was also delayed from March 2012 until June 2012.
Tabatchnik said that the cause for the delays are related to permitting and financing hurdles which are being addressed one by one. According to Tabatchnik the financing is reliant upon permitting approvals, specifically Building, Coastal and US Department of Environmental Protection approvals.
The delay will in no way impact the viability of the project and City leaders have assured the public that the project will continue.
Cathy Swanson-Rivenbark , assistant city manager stated, “We are absolutely convinced that they will be successful with their project and Hollywood beach will be even more successful as a result.”