According to the U.S. Census Bureau, in 1999 there were 8,200 U.S. marinas. The National Marine Manufacturers Association (NMMA) estimated that in 2002 there were 12,000 marinas, boatyards, yacht clubs, dockominiums, parks, and related facilities (note that this higher number includes properties that are technically not marinas, although they are maritime related). No new studies.
Read moreTag Archives: recession
Marina Foreclosures Increasing
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Posted by John Simpson
I am inundated with foreclosure calls from both sides of the fence. Owners are calling asking us for advice when the notice of default comes and lenders are calling just as they send these notices out. After years of very easy lending practices, many marinas are in trouble. This is especially true for marinas that.
Read moreEffects of the Recession on Marina Vacancy Rates
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Posted by John Simpson
Many marinas are feeling some effects from the current "recession". Third-tier marinas, those in rural locations (defined as not within walking or biking distance of a town or city with a variety of things for boaters to do) are affected the most... by far. Here are.