The future of government marina leases and concessions
Fig 1 – impact of ratchet rents.
by Darren Vaux
Marinas provide essential boat storage, vessel maintenance, supplies and amenities that support the boating community and the broader community through employment, economic activity, tourism and the social wellbeing arising from the human interactions associated with boating activity. In many locations, they drive tourism as they continue to transition from ‘boat parks’ to tourism destinations. As a consequence, they require higher levels of management expertise and capital investment.
A marina is essentially privately funded and operated public infrastructure essential to support the significant economic contribution and employment of the boating and tourism industries and the recreational lifestyle needs of a large proportion of the general population. But marina investment is not easy.
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