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Pensacola is on the clock to build a new $15 million headquarters for New York Yacht Club American Magic in time for its return for the 37th America’s Cup.
The city has pledged to build the new Maritime Center of Excellence at the Port of Pensacola by November 2024, when the American Magic team is set to return from the America’s Cup competition in Barcelona, Spain.
Completing a $15 million project in a year is an ambitious goal for the city as projects of similar size and scope have taken years to come together, but Pensacola Mayor Reeves said he believes they will be able to get it done. – Full report
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