Officials want to know how much income facility can generate before they build itWednesday, February 27, 2008
By RYAN DEZEMBER, Staff Reporter
ORANGE BEACH -- Before deciding whether to move forward with construction of a $18.5 million municipal marina on Terry Cove, city officials said they'd likely hire a consultant in the coming weeks to show them what sort of income it could generate.
To finance construction of the facility, which would replace Walker Marina that was destroyed by 2004's
Hurricane Ivan, Orange Beach would sell bonds. So city officials said they want to know how close the marina -- which will include a five-story parking deck, a 3,500-square-foot banquet hall, space for four retailers, 58 boat slips and a large restaurant -- can come to paying for itself.
Click here to read the full article from the Mobile Press-Register.
Click here for a Birds-eye-view of the location of the proposed City Marina.
