Quote:
Originally Posted by TiltonBB
Since there are very few available boat slips now it will be difficult for anyone using that marina to relocate. It would be nice, as a matter of principal, for someone to say I refuse to spend my money there but would someone miss a boating season for that? I doubt it.
It will be interesting to see how this all sorts out. There is a 2020 $5 million loan from Meredith Village Savings bank for the construction and expansion that the bank is worried about now. Any potential buyer will have to deal with that.
If this ends up at a foreclosure auction the bank will probably have their attorney there to bid it up to get the sale price to close to or over the amount that is owed. That is what usually happens.
This issue will be going on for a while. There are no quick solutions and any news coming out in the near future will probably not be good news.
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It would be nice, as a matter of principal, for someone to say I refuse to spend my money there but would someone miss a boating season for that? I doubt it.
So what you are saying is Rich Boaters will put their FUN in front of their MORALS. Is this correct?