The Tennessee Valley Authority is preparing to roll out restructured fees for shoreline marinas across the seven-state region that some smaller operators say could kill their businesses.
The fees, to be applied in 2013, will affect about 450 riverbank businesses and properties on 46 reservoirs owned by the TVA, which is a federal government utility. The fees will use a formula that assesses market-value rental or lease value or a percentage of commercial revenue, said James Adams, TVA's manager for land and shorelines.
The overall new contract is based on 4 percent of revenue, according to media reports.
Larry Steidle owns Blue Springs Marina, between Kingston and Spring City on the Tennessee River. He told the Chattanooga Times Free Press that he owns land, but the TVA owns the water and the shoreline up to a certain point.
“Now with this recent land and shoreline policy change, they want a percentage of your gross income or your base fee,” Steidle told the newspaper. “I doubt if my bills can withstand that.”