PORT CLYDE, Maine — More than 200 people turned out Saturday afternoon to celebrate the dedication of the restored and expanded historic Port Clyde wharf.

The 30-by-130-foot concrete wharf — expected to last for generations of local fishermen and lobstermen — was built for about $500,000 with funds from the Working Waterfront Access Pilot Program and other sources.

The Port Clyde Lobstermen’s Cooperative, which owns an acre of waterfront property in the village, sold the development rights to the state so that the land would remain working waterfront in perpetuity for future generations.

The wharf supports 28 lobster boats that land more than 600,000 pounds of lobsters annually with an estimated value of more that $2 million, as well as nine groundfishing boats that land 1.5 million pounds of shrimp and fish each year, according to the Island Institute in Rockland. The lobstermen’s cooperative will lease wharf space to the draggermen, or groundfishermen. The property also has two bait-cooling buildings and an office building.

Lobster coop member Doug Anderson, who is also a lay minister at the Port Clyde Advent Christian Church, gave the prayer of dedication, expressing thanks for “the opportunity to be here, to live here, and to grow up together here.”

Shortly before the service, his 12-year-old grandson, Douglas, was out in the harbor hauling a lobster trap into his 16-foot open-hull boat. It was a sign of that another generation of lobstermen had begun.