In a recent government meeting, officials discussed the financial implications and operational plans for a new dry stack facility at the marina, aimed at enhancing revenue and addressing long waiting lists for boat slips. The proposed facility, which would cost between $5 million and $6 million to construct, is projected to generate approximately $1 million annually—$250,000 more than current revenues from existing dry sheds and smaller slips.

The meeting highlighted the pressing need for additional boat storage options, particularly for larger vessels, as waiting lists for slips have reportedly extended to four or five years. The dry stack facility is seen as a critical step in alleviating this issue while also increasing the marina's overall revenue. Officials noted that the facility would require at least two full-time employees and incur annual operating expenses of around $200,000.

Further discussions revealed plans for future expansions, including the potential addition of larger boat slips, which could bring in an estimated $400,000 in additional revenue. This would increase total projected revenues to approximately $650,000 once the larger slips are operational.

However, the timeline for these developments remains uncertain due to existing debt obligations related to other marina projects. Officials acknowledged the need for additional funding sources to support these initiatives, including the possibility of selling a marina spot for a hotel, which could provide necessary capital.

The meeting underscored the marina's commitment to improving facilities and services for boaters while navigating financial challenges and planning for sustainable growth in the coming years.