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Old 05-23-2022, 07:38 AM   #81
CaptT820
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Default Let It Rest

I agree with others, that until we have more information, there isnt much else to say on this topic from an evidence standpoint. However, it does affect many boaters, slip renters, etc. in the fact that the Marina may change hands. It would be difficult renting a slip at West Alton right now, as you have a prime spot with a lot of amenities but a very questionable/unstable ownership situation.

By pure speculation, I imagine the asking price for the marina would be in the $40-$70M range. 162 Acres, with 440 slips at an average of $4500-$5000 annual rent, dockside market, fuel, commercial operations, location.. location... location. It is a high interest rate market, with a tenuous legal situation, crazy high demand with no supply, and how often does a marina actually go up for sale on the lake? When a one of one situation comes up (unique), the sky is the limit on price.
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