Budget would give marinas rent break in Washington state - Trade Only Today

Budget would give marinas rent break in Washington state

Author:
Publish date:

Washington state lawmakers' budget includes a last-minute addition that would give six marina owners in Tacoma and the San Juan Islands a break in the rents they pay the state for waterfront.

The temporary change is buried in the 281-page budget bill that passed last week during an all-night special session, The News Tribune newspaper reported. It’s a potential six-figure hit to an account that funds state acquisition of waterfront and building of shoreline boardwalks and trails.

Rep. Hans Dunshee told the newspaper that it looks like “cutting a deal for someone” and he planned to ask Gov. Chris Gregoire to veto that section of the budget.

But developers Herb Simon and Ted Johnson, owners of beneficiary Foss Harbor Marina, say their rent is unfairly high and that the budget change would move it closer to the better deals competitors get.

Marinas have debated perceived inequities in rents for decades. Some pay hundreds of dollars a year to the state Department of Natural Resources; others pay hundreds of thousands of dollars.

The rent is calculated based on the value of the adjacent property, so rates are higher for Foss Harbor near downtown museums than for, say, a marina near Browns Point that Johnson said competes for the same customers, the newspaper reported.

Supporters call this budget move a “pilot project” for two areas where the disparities between neighboring marinas are most stark, Tacoma and the San Juans, and said they hope it will lead to a statewide change.

It had to be small to prevent an even larger loss of revenue to the state Department of Natural Resources, they say.

Click here for the full article.

Related

E-nnovation Lab to expand at 2018 Metstrade show

The growing demand for hybrid and electric engines is becoming more apparent within the leisure marine market, prompting Metstrade to introduce the E-nnovation Lab platform for electric propulsion technology.

Aluminum, tow boats lead moderate growth in May

Boat registrations were up 2.1 percent in May in the main powerboat categories, and rose 3.2 percent in all categories, according to preliminary data from Statistical Surveys Inc., a Michigan company that tracks new boat registrations.

Retaliatory tariffs on boats to EU start today

The 25 percent tariff the EU announced Wednesday on U.S.-built boats kicks in today, and a 10 percent tariff on boats sold to Canada will start July 1, prompting boatbuilders to worry they will lose sales to those countries.