Massport picks marina owners to rehab waterfront site

• A previous developer fell through in 2021.
• Boston Marine Terminal LLC, owned by Chuck and Ann Lagasse, will redevelop the 16-acre North Jetty site at the Raymond L. Flynn Marine Park.

The big picture: The Lagasses own several Boston Harbor marinas, including Boston Harbor Shipyard and Marina.

• They'll handle the ship repair and freight operations happening at North Jetty while rebuilding the deteriorating 1,000-foot space.
• Their East Boston shipyard employs 450 workers. The North Jetty site could add 400 jobs, according to the Globe.
• Massport will contribute $20 million in state money for repairs.

Between the lines: Massport prioritized job creation over profit with the deal.

• CEO Rich Davey said this "won't be the most lucrative" rental deal.