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Info re. Vinning Corp/Georgia

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tinob
Master Marine Consultant

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USA
1883 Posts

Initially Posted - 08/22/2007 : 15:00:12

Hi all,

My marina has just changed hands, The Vinning Corporation, a Georgia based marina entity is the new owner an I'm concerned what this change over may have in store for me. I'm also wondering what a Georgia based group will do with what we have. Real estate production alongside the current marina property is flurishing with million dollar homes

In the back of my mind are stories heard here about anti sail groups, lurking in the shadows,

and ridding their selves of skinny little sailboats making room for larger stink potters( $$$ )

Any information that you may have regarding this group would be appreciated.

Ya live long enough, ya get cynical...paranoid even

Thanks,

Val on Calista # 3936, Patchogue, N.Y.

Val Bisagni]

Edited by - on

jerlim
Master Marine Consultant

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USA
1484 Posts

Response Posted - 08/22/2007 : 15:12:53

Nothing came up on GOOGLE...but it doesn't sound good.
Has it been owner operated until now? I'm at a family owned/run marina and hope it never changes.

Edited by - on

Renzo
Admiral

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USA
621 Posts

Response Posted - 08/22/2007 : 18:32:32

Don't know about Georgia but the trend on the Great Lakes, until reciently, has been Condos and Mc Mansions replacing marinas (especially small marinas) and power yacht$$$$ instead of sail boats. The Marina next to me is scheduled to go Luxury Condo in the near future. The only thing that has slowed it up lately is the cost of gas and the downturn in the local housing market. I think that in the future every sail organization will need to jump on the "GREEN" band wagon and vigorously, promote sailing to our law makers as a non-poluting recreational use of our waterways and ask them to create create financial incentives or, if necessary, regulations that ensure that reasonable cost dockage will always be available for small sail boats.

Edited by - on

sweetcraft
Admiral

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USA
816 Posts

Response Posted - 08/22/2007 : 23:34:09

It's the money!!!! We are losing by the demand for the valuable lake shore too. Condos and more condos with each a dock space. Our local lake is changing also with investors not going overseas as much and they have come and removed a large marina to build the condos with each having a dock. A lake for millionaires. Adjust they say, launch and day sail then you don't need a dock. It is coming soon.

Edited by - on

Dave Bristle
Master Marine Consultant

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Djibouti
10005 Posts

Response Posted - 08/23/2007 : 08:46:57

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by sweetcraft

...condos with each a dock space... It is coming soon.

<hr height="1" noshade id="quote"></blockquote id="quote">
It came to me!

(...but in a place where there could never be a marina.)

Edited by - on

Dave Bristle
Master Marine Consultant

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Djibouti
10005 Posts

Response Posted - 08/23/2007 : 08:55:27

Val: Here they are: http://www.viningsmarine.com/
Check the "Investors" page--a slightly nebulous statement of their intentions...

Edited by - Dave Bristle on 08/23/2007 09:00:49

tinob
Master Marine Consultant

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USA
1883 Posts

Response Posted - 08/23/2007 : 14:15:48

It seems that the one advantage that we have in our court is the down turn in the mortgage market, but that can't last for long.
The Vining website lists boat slip sales @ $1900 per foot. in North Carolina, wonder what that equates to in the New York market? Seems a slip in N.C. goes for just under $ 50,000. Might have to get back to a small trailerable boat, maybe a pwc...

Oh well thanks for the come backs.

Val on Calist # 3936, Patchogue, N.Y.

Edited by - on

EAbrams
Navigator

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USA
130 Posts

Response Posted - 08/23/2007 : 15:38:43

Oh nooo

Val

I may be out of a slip next year also and was on my way to Dockside today to check it out.
Your comment last April about boat slip prices is what had me heading your way.

The owner of my dock may be retiring and selling everything. We are in limbo right now

Edited by - on

Dave Bristle
Master Marine Consultant

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Djibouti
10005 Posts

Response Posted - 08/23/2007 : 15:51:41

Their other marinas seem to have regular slip rentals for not unreasonable rates (compared to around here). I don't think you need to commit hari-kari just yet.

Edited by - on

John Russell
Master Marine Consultant

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USA
3444 Posts

Response Posted - 08/23/2007 : 16:22:12

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by Dave Bristle
 Val: Here they are: http://www.viningsmarine.com/
Check the "Investors" page--a slightly nebulous statement of their intentions...
<hr height="1" noshade id="quote"></blockquote id="quote">

If I were to translate that page to English, I would say "We can make lots of cash renting marina space at ever increasing rates right up to the time we develop it into ......." You fill in the blank.

Sounds like sound investment strategy but, not good for boaters.

Edited by - on

Frank Hopper
Past Commodore

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Pitcairn Island
6776 Posts

Response Posted - 08/23/2007 : 17:22:29

Supply and demand will drive the price. I hope nothing changes for you.
If I were a developer I would try to set aside a small powercraft marina that specializes in personal watercraft, all the way through the small monohulls made by seado and such. I think that market is full of young people looking for some special accommodations. Be it the tone of the bar, the style of food, the music and wifi availability, even microdocks where they would have their own finger or their own 20' of beach access within a short distance of their cars. Maybe a cabana between the finger dock and the car, with potable water. I think there is a market there based on a larger share of the 20-30 something disposable income culture.

Edited by - on

Dave Bristle
Master Marine Consultant

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Djibouti
10005 Posts

Response Posted - 08/23/2007 : 17:30:54

At several of their other marinas, they're really promoting dry-slipping (in stacks)--not a bad alternative for lots of boaters. My bro-in-law did it--he just called before he left the house, and the boat was sitting on a dock when he arrived. At the end of the day, he pulled up to the dock, stepped off, and drove home. The 22' power boat lived under cover a couple of levels above the ground. Of course, they can't exactly stack C-25s...

Edited by - on

EAbrams
Navigator

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USA
130 Posts

Response Posted - 08/24/2007 : 08:40:55

I feel your pain Val. I'm in a slip behind a restaurant that has been in business for decades. The owner wants to retire and the fate of the dock space is up in the air.

Stopped by the Dockside Tiki Bar last night. Marina office was closed. Met some very nice people there. The scuttlebutt is the new owners want to repair (upgrade) the docks. The bar keeper said they wanted to enclose the Tiki bar to make it a year round place. Most everyone we spoke too felt Dockside was one of the nicest marinas on Long Island's south shore. One guy felt that slip fees would slowly increase to fund the repairs.

Of course none of this came from the horse's mouth. It was merely the opinion of the Tiki bar patrons.

I did notice on Vinnings main web page it's a "sailboat" crashing thru the waves. That's a good sign.

Edited by - EAbrams on 08/24/2007 08:52:28

jerlim
Master Marine Consultant

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USA
1484 Posts

Response Posted - 08/24/2007 : 08:57:51

Ed,
I'm not familiar w/ Dockside, is that on the South Fork? I'm at Great Peconic Bay Marina on the North fork. Great place - great staff, very knowledgeable; http://www.greatpeconicbaymarina.com/
Not a give away, but very competitive w/ the other marinas I've looked into.

Edited by - jerlim on 08/24/2007 09:21:22

iain
1st Mate

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Canada
25 Posts

Response Posted - 08/24/2007 : 18:25:23

my thrupennce(sp?) worth....
1 of the marinas mentioned was l. perry, ks.
this is where i sail. it is on a corp of eng's lake.
NOBODY can develope on one of these lakes.
other than the fact that the marina store doesn't seem
to realize that 50-75% of the marina is sailboats
i have not noticed anything detrimental.

o.k....a farthings worth

Edited by - on

EAbrams
Navigator

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USA
130 Posts

Response Posted - 08/24/2007 : 20:04:32

Jerry

Dockside 500. South Shore, not South Fork. It's in East Patchouge. Smack dab in the middle of a residential area. We were told many people have a hard time finding the place. I had never heard of it before either. tinob (Val) had mentioned it in April when some fella was asking about slips fees. His had just gone up.

I'm across the bay behind the Lobster Inn in Southampton. Not really a marina. About 40 slips. Water no electric. We have been there for two years and the owner has been telling us he is retiring since we arrived. First it was the Town of Southampton was going to buy it and this year the Peconic Land Trust. At least he does not want to sell it to developers. He has many offers.

We put in at the So Jamesport boat ramp. It's a combo New York State/ Town of Riverhead ramp. Last year we used Great Peconic Bay Marina to haul it onto our trailer. There is another C25 owner there Dan Gilrein, Do you know him? He suggested Gt Peconic to me for haul out.

To those of you unfamiler with Long Island NY, it has always been described as shaped like a fish with Brooklyn the head. Jamaica Bay its' mouth and the north and south forks as the tail fins.

Edited by - EAbrams on 08/24/2007 20:12:11

Dave Bristle
Master Marine Consultant

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Djibouti
10005 Posts

Response Posted - 08/25/2007 : 10:11:03

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by EAbrams
 To those of you unfamiler with Long Island NY, it has always been described as shaped like a fish with Brooklyn the head. Jamaica Bay its' mouth and the north and south forks as the tail fins.<hr height="1" noshade id="quote"></blockquote id="quote">
Good description... and Gardiners Island is the ?????

Edited by - on

EAbrams
Navigator

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USA
130 Posts

Response Posted - 08/25/2007 : 18:27:21

LOL Dave

Mr. Gardiner's decendants might not find it funny
The island is the largest privately owned island in the United States, and has been owned by the same family for nearly 400 years.

http://en.wikipedia.org/wiki/Gardiners_Island

Edited by - on

Oscar
Master Marine Consultant

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USA
2030 Posts

Response Posted - 08/26/2007 : 03:20:55

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Ya live long enough, ya get cynical...paranoid even<hr height="1" noshade id="quote"></blockquote id="quote">

Just 'caus you're paranoid doesn't mean there not out to get you.....

Edited by - on

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