Marina board explains is process as council looks at waterfront development
Thu, 11/16/2017 - 10:56am
Ed Towey said the Lake City Marina Board regards Lake City’s 5,000 citizens as the municipal marina’s shareholders.
“Those shareholders are currently getting a return of $620,000 per year,” on the marina, said Towey, a member of the Marina Board.
Towey’s comments came during a joint workshop meeting between the board and the City Council Monday.
The money generated by the marina is equal to 20 percent of the city tax levy, Towey said.
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