Cruising Sailors Forum Archive

In addition to taxes

The port authority actually owns the land, we lease it from them. The original assesment was based on the lease agreement. So, fast forward 40 years to today, the port authority saw their funding from the state get cut by almost 40% this year, they approached us in December asking if we wanted to purchase our property outright to generate some cash flow for them. So now the new re-assesment directly impacts how much the land is worth. Crazy stuff. I suspect our bargain blue collar yacht club is going to see a serious dues increase in the next year.

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