Resorts World Miami LLC, a unit of casino operator Genting Malaysia, will finally be able to move ahead with its plan to build a world-class marina after the city of Miami agreed to lease the bayfront bottomlands.

The Miami Herald reported that Miami city officials and Genting are in talks for the development of a 50-slip marina following the unanimous approval of the city commission for the lease of the submerged land.

Genting’s marina, which could handle 50- to 175-foot-long vessels, was part of Genting’s original plan to build a $3 billion luxury casino featuring multiple towers, stores, and an elevated beach and lagoon.

Unfortunately, the Malaysian-based casino operator was unsuccessful in persuading the Florida legislature to approve gambling on the site. The setbacks prompted Genting to go with its plan B, which was to build a casino-free luxury hotel on the $236 million lot where the Miami Herald once stood.