Théoule wants to buy out its private port

The small city of Théoule, on the extreme east of the Alpes-Maritimes, definitely wants to buy out one of its private ports, the Figueirette one, in order to manage it by the city. The municipal council has agreed (11 pro votes and three abstentions) to buy out the port from the real estate company of the Miramar port. The concession of this small marina has been granted in January 1971 and, according to possibilities offered by the law, the city can buy it back. According to the mayor, Henri Durand, the port and the surrounding area "suffer from desertification" and he wants to give a "second wind" to the whole stuff. The amount of indemnities would be around 4 million francs. But the city's decision could be contested in justice by shareholders of the port who think that the buy out results in serious prejudices for them.