A 5-step plan to keep a marina operator out of court

Article Abstract:

Marina owners can lessen the risks from lawsuits by including five clauses in their customer service contracts. Lawsuits could stem from failure to plan for emergencies, lack of a policy on outside labor, failure to understand contract law and the failure to use liens effectively. The clauses to include in customer service contracts are exculpation, insurance, liens, outside labor and a storm/emergency policy.

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Fuel prices, water levels give Lakes a 1-2 punch

Article Abstract:

The marine businesses in the Great Lakes region were hit with higher fuel prices along with water level problems in spring and summer 2000. Dockside gasoline prices reached $2.03 per gallon of regular unleaded in late June which is 15 to 20 cents more than what the roadside stations were charging at $1.89.04 per gallon. The worldwide astronomical increase in the prices of gasoline and the higher water levels have had a negative impact cruising and store traffic.

Market information - general, Michigan

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Marina acquisitions leader changes its course

Article Abstract:

Dallas, TX-based Marinas International, the leading consolidator in the marina acquisitions game, has moved into a holding pattern. The decision has prompted the resignations of two of its managing partners, Marshall Funk and Stan Johnson. The partners have a vision of building a diverse portfolio of marinas and creating operating efficiencies that would increase profits and revenues. However, the Goldman Sachs vision was to obtain critical mass and then sell its interests through an initial public offering (IPO). The diminishing IPO market has provided little incentive for Marinas International to go public with its 12 marinas.

Pier & Terminal Operators, Port and Harbor Operations, Marinas International

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