The County of Orange and Dana Point Harbor Partners have finalized the 66-year master lease and $330 million redevelopment agreement for Dana Point Harbor. The contract was officially executed on Monday, October 29, followed by a ceremonial signing of a proclamation on Friday, November 2.
Under the terms of the master lease, DPHP will assume operational control of nearly all of Dana Point Harbor and has agreed to an investment of $330 million to undertake the Harbor Revitalization Plan. Work will commence immediately on finalizing the redevelopment plans and seeking entitlements and permits. Visible work is expected to commence by the end of 2019 and continue through the following eight to ten years.