Death of a boat business.....
On Fri, 20 Jul 2007 20:37:05 GMT, "NOYB" wrote:
This has been happening in Southwest Florida for the past 10 years...and in
Southeast Florida for longer than that.
It just started happening in the Keys a couple of years ago, but fortunately
the real estate market took a hit and slowed things down.
I had a boat stored at a marina that leased the land, and the landlord
decided not to re-lease the property *at any price*. They sold it for $20
million to Eco-Group...a large developer out of Tampa.
Same thing happened to two other marinas in Naples in the past 3 years.
Don't most of those waterfront condo developments build marinas?
Maybe not boatyards, but at least berths?
I didn't look close, but it seemed that in Punta Gorda dockage
increased when they put up condos. They may not be renting
out the berths yet, but I suspect they will eventually, as it's money
in the bank. From what I've seen in Florida, most canal homes with
docks have empty docks. It was the same in Cape Coral, but I haven't
been there for years.
--Vic
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