A company called Miami River Marina, managed by Finlay Matheson of the famed Matheson family, was the seller, according to a report in therealdeal.com.

This could bring some progress to the Genting Group’s proposed Resorts World Miami project as the casino giant is caught up in a legal tussle with the Miami-Dade County over a dispute about property tax assessments on the Herald’s bayfront campus which the company purchased back in 2011 for USD236 million.

Matheson had earlier acquired rights to build the boat slips. The price for Matheson’s sale of its rights to Resorts World Miami was undisclosed.

The report said the deal was a “singular sign of activity” from Resorts World Miami’s Herald site, which had stagnated ever since the company newspaper’s building was demolished in 2014.

Resorts World Miami is a 5.6-hectare development. At 10,000,000 square feet, and with an estimated cost of USD3.1 billion, it is considered one of the largest developments in the history of the state.