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Competing visions cloud marina makeover

Activists in Riviera Beach, Fla., oppose proposal for superyacht yard, force a November referendum The waterfront in Riviera Beach, Fla., is a diamond in the rough, but oh how rough it is and how tough it has been to turn that asset into the gem many think it could be. A divided city council in…more

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For owner, it’s about diversification

Paul Engle knows boatyards from both sides of the transom. The 52-year-old president of Bradford Marine, one of Fort Lauderdale’s premier boat and yacht yards, captained Malcolm Forbes’ 151-foot yacht Highlander for four years. He cruised the Pacific. He visited St. Petersburg, Russia. On one memorable occasion, he picked up actress Elizabeth Taylor in Singapore…more

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Bradford Marine bets big on the Bahamas

The boatyard’s 47-acre facility in Freeport on Grand Bahama Island is a long-term investment The yard is humming despite all the bad economic news. A fast ferry is in dry dock. Nearby, a steel tug lies on the hard for hull repairs. In the water, a luxury sailboat is prepped for painting. Meanwhile, workers in…more

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Gulf cleanup turns ‘tin’ to gold

Oil cripples the fiberglass boat market, but ‘opportunity’ is huge for aluminum vessels With the Deepwater Horizon oil leak still not fully capped, a cloud of dashed expectations hung over boat dealers in southeast Louisiana in mid-July. But as tricked-out fiberglass fishboats gathered dust in showrooms, demand for aluminum boats for the BP oil cleanup…more

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Lawsuit could change brokers’ world

$1.8 million award seems to dilute the protective value of the ‘as-is’ clause A nearly $2 million judgment against a Florida yacht brokerage has left brokers puzzled and concerned as they reconsider – in light of this case – how much protection the “as-is” clause in most sales contracts affords them. The brokerage and one…more

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Lawyer: ‘Err on the side of disclosure’

“The times are changing,” said Miami attorney Michael Pennekamp, during a seminar to help yacht brokers stay out of legal trouble. Specifically, he was talking about how to avoid misrepresenting pertinent facts to buyers and sellers during yacht sales transactions – and stay out of court. “The numbers [in court awards] are bigger now and…more

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Gulf under siege as spill spreads

Businesses along the Gulf Coast are dealing with the effects of the spill, some filing suit against BP While Memorial Day crowds flocked to the Florida Keys, the Cypress Cove Marina and Resort 550 miles away in Venice, La., was a virtual ghost town, hemmed in by oil sheens from the gushing Deepwater Horizon well.…more

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Industry makes its case to lawmakers

Expansion of loan programs and concerns about E15 are top issues at American Boating Congress An estimated 150 marine businessmen and women from around the nation descended on Capitol Hill May 6 to attend the American Boating Congress and talk legislation with their congressional representatives. “We’re going to be talking to the key decision-makers, those…more

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Mired in an oily, black limbo

Gulf Coast businesses can only wait and watch as crews struggle to cap the flow and limit the toll After 25 years of guiding anglers from three houseboats moored off Louisiana’s pristine Chandeleur Islands, Capt. Mark Stebly is dead in the water. “Fishing there has been shut down for a week already,” says the 50-year-old…more

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‘One-stop shopping’ for trawler seekers

The owner of Florida’s New River Marina has conceived a new brokerage niche Alex Nichols has a nose for niches, and he seems to have found a promising one with The Trawler Center – his one-stop, open-air showroom for trawler buyers. “Everybody’s trying to sell boats,” says Nichols, whose Marina 84 LLC owns New River…more

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