BAR HARBOR — Councilors approved an additional $29,500 Tuesday for development of a business plan for the abandoned ferry terminal property on Eden Street.
In an addendum to their original $65,620 proposal, which was approved by the Town Council on Dec. 19, consultants Bermello, Ajamil and Partners (B&A) asked for $29,500 for a market analysis.
Of the additional funds, $19,000 will be used to look at market data and draw conclusions of the potential performance of a marina, joint use for events within a proposed information and education center, concessions and parking.
The remaining $10,500 will be used to explore capital, operating and maintenance costs of each conceptual design, according to the agreement. Town Manager Cornell Knight said that there is enough money in a dedicated account for the ferry terminal property to cover these costs, now totaling $95,120.
B&A are scheduled to begin working in February and the project is estimated to take 14 weeks.
The plan, a four-phase project, is to conduct a market analysis, create concept designs, perform financial analysis and develop the final strategy, which included the goals from the town advisory committee’s report.
The business plan will include a section about impacts on existing local business.
Councilor Gary Friedmann said if there are any private donors who wish to help fund any part of the ferry terminal development, they should contact the council immediately so their funding could be accounted for in B&A’s report.
Councilor Erin Early Ward added to the motion that the raw data from the local market analysis be made available to councilors when it is collected.
Friedmann also asked whether the question of forming a port authority in Bar Harbor could be put on the ballot for the June 2018 town meeting. Knight replied it would be nearly impossible to move that quickly. The enabling legislation would first have to pass in the legislature, and then Bar Harbor voters would have to approve the bond for the purchase of the property and then agree to turn it over to a port authority.