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2021 May June Marina World

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PLANNING UPDATE CCC green lights Dana Point Harbor redevelopment Bellwether Financial Group has received the California Coastal Commission (CCC) development permit for the long-awaited US0 million redevelopment of Dana Point Harbor in Dana Point, California. The massive mixed-use project, which will include renovating an aging marina as well as constructing new restaurants, shops and hotels, completely re-imagines Dana Point’s 49-year-old harbour. “We have a once in a lifetime opportunity to revitalise this iconic Orange County asset and create a destination for generations to come,” said Joe Ueberroth, founder and president of Bellwether Financial Group - developer of the new Dana Point Harbor - and chairman and CEO of the marina builder Bellingham Marine and marina operator Bellport. He and his team worked closely with the California Coastal Commission to create a forward-thinking project that will set the bar high, benefiting the environment, the community and visitors from around the world. “As the result of carefully listening to the Coastal Commission and boating community, we received a unanimous vote of approval,” he explained. “Bellwether was instrumental in expediting the approval process due to this thoughtful approach,” noted Orange County supervisor Lisa Bartlett. “It is impressive how efficiently and effectively Bellwether was able to facilitate what would be a very complex Coastal Commission process,” she continued. “The Dana Point Harbor Revitalization Plan is the result of more than 20 years of community collaboration, and we are thrilled to now have it underway.” Ueberroth said Bellwether Financial has many years of experience in marina redevelopment, repositioning and operations – including the complex entitlement process. This, coupled with embracing and planning for a variety of special conditions, was Joe Ueberroth critical to securing the approval. “Our plan includes protection of marine life, commitment to water quality and expanding public access. The dock system innovation by Bellingham Marine will eliminate all treated wood and includes technology that removes all ferrous metals, ensuring longer dock life, while ridding the environment of those toxic materials.” Distinct new plans for the marina include swapping out the parking and retail space so that retail, hotels and public parks will be on the waterfront. The public will now have access to the docks and newly created public areas that expand recreational opportunities. “A core part, and one of which we are perhaps most excited and proud, is Environmental Justice, an educational, sailing and water sport programme for underserved youth in Orange County,” Ueberroth added. – May/June 2021 19

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