
Organizers of the Yacht & Brokerage Show have signed a contract to expand the 26-year-old show into an as-yet-unbuilt megayacht marina on Watson Island. Despite a decade of false starts, the Island Gardens project is slated to confirm financing this spring and begin dredging the marina by June, said Mehmet Bayraktar, the Turkish founder of the development company, Flagstone Property Group. If it can do that, next year’s show would have a 25-foot deep basin in which to erect floating docks for any number of yachts. The marina’s real docks would be built in time for the 2016 show, both sides said.