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Multi-million Dollar Insurance Fund Proposed for Dredging Project in Sarasota

Posted on February 9, 2017

By Katherine Pyne, MySuncoast

Sarasota City Manager Tom Barwin came up with a way to settle the fight over a project to dredge millions of yards of sand from Big Pass.

According to the Herald Tribune, Barwin is proposing a $2 to $3 million insurance fund for the project.

If the dredging negatively impacts either Siesta Key or Lido Key, the fund could be used to correct it.

$2 million is already available for the fund through tourist development taxes.

Barwin says they could request an extra $1 million from the county to contribute.

City staff will present a letter outlining the proposal for the commission’s approval at its next meeting. 

Source: MySuncoast

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