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===Development===
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====Master developer proposals===
After an extended deadline, the two candidates for master developer submitted their RFP responses in late May [[2008]].
The proposal by Land Capital Group<ref>[http://www.cityofpensacola.com/upload/images/CommunityDevelopment/PDFs/Land%20Capital%20proposal.pdf Land Capital Group response]</ref> only estimated the cost of public improvements, as private investors would be sought later, but included a letter of interest from Marriott Internation regarding a possible hotel on the property. The proposal also omitted a number of features, including the Great Lawn, formal gardens, lower west promenade, wharfs and piers, the lighthouse, dredging of the west marina, and the central parking structure, which they claimed could not be built with current funds: "Until this issue is resolved, the current plan is only conceptual." Nevertheless, the total cost of the revised project was estimated at $54 million — $16 million more than the remaining public funding. The group proposed seeking federal grants in combination with interest earnings and revenue bonds to make up the shortfall. Their timeline (using "best case assumptions") estimated project completion by December 2010.
The proposal by Trinity Weston Cypress<ref>Trinity Capital response parts [http://www.cityofpensacola.com/upload/images/CommunityDevelopment/PDFs/CMPA_proposal_final_2(a).pdf a], [http://www.cityofpensacola.com/upload/images/CommunityDevelopment/PDFs/CMPA_proposal_final_2(b).pdf b], [http://www.cityofpensacola.com/upload/images/CommunityDevelopment/PDFs/CMPA_proposal_final_2(c2).pdf c] & [http://www.cityofpensacola.com/upload/images/CommunityDevelopment/PDFs/CMPA_proposal_final_2(d).pdf d]</ref> combined public and estimated private costs (which one city consultant called "confusing"<ref name="troublesmount">"Maritime troubles mount." ''Pensacola News Journal'', June 8, 2008.</ref>) for a total buildout cost in excess of $247 million. However, the budget for remediation and infrastructure alone totaled nearly $50 million, or about $12 million more than the remaining public money. The TWC timeline estimates several years of permitting and site work, with construction concluding in 2013.
==Features==