Mayor Jeri Muoio's threat to cancel the Palm Beach International Boat Show unless the promoter pays for two-year damages has paid off.
The city and boat show have reached and agreement where the boat show will pay for 75 percent of the damages the city says it caused in 2010 when the fork lift it was using dropped beams at a waterfront stage, referred to as The Palm.
City officials have estimated the cost at $141,500. West Palm Beach will pay for 25 percent of the repairs.
This year's boat show, scheduled for March 22-25, is one of the city's premier events and money makers.
According to city spokeswoman Joanna Sharp, the lawsuit will be dismissed with no admission of guilt or liability. The damaged stage must be repaired between SunFest and the city's July 4 event.
by Andrew Abramson, Palm Beach Post