MUSKEGON, Mich. (WOOD) — After the developer behind Adelaide Pointe filed for bankruptcy, the parties have reached an interim settlement agreement that will let the bankruptcy process move forward, according to his attorney. Adelaide Pointe, Michigan’s first new marina in almost three decades, has been opening in stages since 2024. Located at 1204 Western Ave. along Muskegon Lake, the 30-acre development includes wet and dry marinas, a restaurant, an event center and bike paths.