New public money after 'complete': $7.97M of dock works awarded in 2026 — and the executed contract is not in the corpus. S-16 S-17
New public capital after the Triumph arc "closed": a berth, breakwater, and −20 ft dredged channel — "American Magic Phase II" in the documents — funded by FDOT/FSTED, not Triumph. A closed decision can still accrete public money; this page is the proof. S-16 S-17
| Funder · recipient | Amount | Instrument · citations |
|---|---|---|
| State of Florida — FSTED (FDOT seaport program) Port of Pensacola — HPMCE Dock Complex (American Magic Phase II) | $5,978,851 committed | FSTED Grant G3B51 S-17 |
| Local government — Port of Pensacola Port of Pensacola — local match, HPMCE Dock Complex | $1,992,860 committed | Port local match (Supplemental Budget Resolution 2025-99) S-17 |
Rows are this decision's entries in the Money ledger; stages are never summed together.
City Council item #26-190 (Agenda Conference 2026-05-11): award of Bid 26-029, landside construction, to R J Gorman of Panama City — $3,980,432.27 base + 10% contingency. Funding: FSTED Grant G3B51 $5,978,851 + $1,992,860 local Port match. 180-day completion, $500/day delay penalty.
Numeric inconsistencies in the official memo are preserved, not corrected: the grant appears as $5,978,851 in the funding table but $5,978,581 in the body; the contingency as $398,044 (table, the correct 10%) but $393,044 (recommendation).
The listed FSTED funding actions do not sum to the $5,978,851 current total — the full funding history is not itemized in the memo.
A −20 ft berth and dredged channel is heavier infrastructure than sailing requires, and could serve deep-water vessel construction (Saildrone- or Birdon-class hulls). The documents say "American Magic Phase II"; the heavier reading is held open as an inference, unconfirmed.
Verified edges are supported by an executed document. Proposed and reported edges describe instruments that are drafted, approved-but-nonbinding, or stated publicly. Inferred edges are the project's own reading of the record, labeled as such.
Related decisions in the graph: American Magic (#315) (part of, verified) · all decisions → · Money · Questions · Evidence