This has freed up nearly 6500 sq m for four long-term commercial leases. Mr Averill said the council has so far received three registrations of interest.
The leases must be for marine-related businesses, with all the interest so far from existing Sulphur Point businesses wanting to quit short-term leases on port company-owned land.
The 1.3 ha site was purchased from the Bay of Plenty Regional Council for $4.2 million after the city council successfully opposed the application by the region to build its Western Bay of Plenty headquarters on the land.
Entry to the boat yard will be by swipe card via a new side road.
One of the last jobs remaining to be done was to apply a layer of chip seal to the yard.
Quizzed earlier this year on whether the council was stepping on the toes of private enterprise, Mr Averill said the Tauranga Marina Society's park was on council land while the other one, on a port-owned property, had closed months ago because the port wanted the land. Other boat yards were well away.