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Marinas finally some regulation ....lets hope
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Page 1 of 1Total of 1 messages
Posted by:Feb 26th 2007, 12:25:57 pm
speechbahama journal bussiness section article!

Gov't Losing Out On Marina Revenue
By Deandre Williamson
High prices are being charged for the sale and lease of marina slips
associated with new resort and residential developments, but the government
is collecting very little revenue for the use of its waters and seabed,
according to Malcolm Martini, who heads a task force that has drafted a
proposed Marina Policy.
"Final numbers are not in, but government revenue from marinas is most
likely well under $1 million [annually]," he said.

Mr. Martini pointed out that some slips have been sold for as much as $1
million.

He said the new Marina Policy will raise the bar for marina operations in
The Bahamas.

"The purpose of the Marina Policy is to respond to changes in the demand for

marina space in The Bahamas," Mr. Martini said.

The government appointed a task force last year to conduct research on the
way marinas were sited, how permits were issued and the fee structure for
using Bahamian waters.

Members of the task force include: Port Director Captain Anthony Allens;
Director of Fisheries Michael Braynen; Dwayne Curtis of the Department of
Environmental Health Services; Director of Sustainable Tourism Earlston
McPhee; Rochelle Newbold of The Bahamas Environment Science and Technology
Commission, and Mr. Martini who's also a consultant within the Ministry of
Energy and the Environment.

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