California marina files for bankruptcy - Trade Only Today

California marina files for bankruptcy

Author:
Publish date:
Social count:
0

The owner of Big Break Marina in Oakley, Calif., recently filed for bankruptcy protection.

Despite the filing, Dave Biron said he does not plan to sell the marina, but plans to expand. He did not offer details about the expansion, The Contra Costa Times reported.

"Like General Motors, we will be restructuring construction debt," he wrote in an e-mail to the newspaper.

Court records show that the David Biron Corp. filed Dec. 22 for Chapter 11 bankruptcy protection in Oakland, Calif. The Contra Costa County clerk's office shows a lien against his property as of October.

Biron purchased the 32-acre site in 2002 from DuPont, which operated the former manufacturing plant nearby. In an earlier interview, Biron said business has fallen 75 percent in the last five years.

"We used to do tournaments every weekend," he said. "We used to pack the place."

One of Oakley's few marinas, Big Break was once home to national tournaments.

Some anglers requested a different tournament venue after Biron took over the marina, according to FLW coordinator Don Lee. In 2004, some bass fishing circuits began holding professional tournaments at Russo's in Bethel Island with Oakley's sponsorship, the newspaper reported.

Click here for the full article.

Related

NMMA: Bad trade policies are piling up

President Trump announced a new round of tariffs on China that would affect marine components being imported from there, further jeopardizing strong growth in the industry, said the National Marine Manufacturers Association.

Law symposium issues call for speakers

Following the success of the 2017 and 2018 ABYC Marine Law Symposiums on the East Coast, the American Boat and Yacht Council will host next year’s Marine Law Symposium in Seattle on Jan. 8.