Although 30 companies expressed interest in renovating and operating the dilapidated Malibu Pier, none placed bids by last week's deadline.
The state Department of Parks and Recreation, which is responsible for the pier, wanted to lease the structure for 20 years to one operator who could then sublease two restaurants, a fast-food stand and a sportfishing concession. Under the state's terms, the operator would have had to upgrade the pier immediately and pay the state 5% of yearly revenues for rent. Repair cost estimates range from $2 million to $4 million. State parks officials said they will decide in coming weeks whether to advertise for bids again or negotiate with individual firms.