New marina planned for Tiki Island - Trade Only Today

New marina planned for Tiki Island

Author:
Publish date:

A partnership between marina developer Yacht Clubs of the Americas and a subsidiary of IBC Bank is behind a new Tiki Island, Texas marina, expected to yield 400 boat slips, with some accommodating megayachts.

Initially, Tiki Ventures Ltd. had planned to develop condominiums and 150 boat slips on the site, and IBC-Houston loaned money for the project, which never got off the ground, according to an article in the Galveston County Daily News.

IBC saw potential in a marina on Tiki Island, the closest point of entry to Galveston Bay for Houston-area boat owners, Jay Rogers, chairman and CEO of IBC-Houston, told the newspaper.

"Our intention is to create value and get this off the launch pad," Rogers said.

Click here for the full article.

Related

Senior Manager, Customer Service - Sea Ray

It is our people behind life’s passions who will make the big difference. If you are interested in becoming part of a company that delivers market leading products, driving your own career and working with brands committed to active lifestyles, then you’ve found your fit.