Post by sloopjohnb on Apr 15, 2024 16:11:13 GMT 12
Not only Westhaven where costs are rocketing upwards.
FPSA
pay up, sucka
There is no question that, particularly in high-density living and boating areas, slips are getting more and more expensive. And harder to find. Given the value of waterfront property, we see this problem continuing to grow. We received this bit of alarming news coming out of Newport Beach, CA. Not good. – ed.
Based on a questionable appraisal prepared by James (Jim) Netzer — the owner of Netzer & Associates, the Newport Beach Harbor Commission plans to raise the rates for mooring permittees by 300% to 500%, while maintaining significantly lower rates for waterfront homeowners’ docks and slips. Rates for a boat up to 50 feet will be 500% higher and rates for a small boat tied to a shore post could be over 1,000% higher. In an appraisal that Netzer prepared in 2016, Netzer himself stated the “mooring-to-slip” ratio is unreliable, and an appraisal prepared by CBRE in 2023 states the same thing.
We believe this increase is discriminatory as it will eliminate the ability for lower- and middle-income boat owners to remain in the harbor while accommodating the preferences of wealthy waterfront homeowners. And, it will force many of the 50 liveaboard boaters on moorings in the harbor to find other housing.
Members of the Newport Mooring Association and mooring permittees have spoken at several City Council and Harbor Commission meetings regarding the negative impact this proposed increase will have on them and others in the harbor. The Newport Mooring Association has provided members of the California State Lands Commission, Newport Beach City Council and Harbor Commission copies of an appraisal prepared by CBRE that more accurately reflects the relationship between mooring permittees and dock owners in Southern California harbors.
The Harbor Commission has ignored CBRE’s appraisal and continues to assert that they will
recommend raising the rates as they see fit. More here. – Jennifer Lee Krestan.
voiceofoc.org/2024/04/newport-harbor-boat-owners-confront-rent-spike-on-offshore-moorings/
FPSA
pay up, sucka
There is no question that, particularly in high-density living and boating areas, slips are getting more and more expensive. And harder to find. Given the value of waterfront property, we see this problem continuing to grow. We received this bit of alarming news coming out of Newport Beach, CA. Not good. – ed.
Based on a questionable appraisal prepared by James (Jim) Netzer — the owner of Netzer & Associates, the Newport Beach Harbor Commission plans to raise the rates for mooring permittees by 300% to 500%, while maintaining significantly lower rates for waterfront homeowners’ docks and slips. Rates for a boat up to 50 feet will be 500% higher and rates for a small boat tied to a shore post could be over 1,000% higher. In an appraisal that Netzer prepared in 2016, Netzer himself stated the “mooring-to-slip” ratio is unreliable, and an appraisal prepared by CBRE in 2023 states the same thing.
We believe this increase is discriminatory as it will eliminate the ability for lower- and middle-income boat owners to remain in the harbor while accommodating the preferences of wealthy waterfront homeowners. And, it will force many of the 50 liveaboard boaters on moorings in the harbor to find other housing.
Members of the Newport Mooring Association and mooring permittees have spoken at several City Council and Harbor Commission meetings regarding the negative impact this proposed increase will have on them and others in the harbor. The Newport Mooring Association has provided members of the California State Lands Commission, Newport Beach City Council and Harbor Commission copies of an appraisal prepared by CBRE that more accurately reflects the relationship between mooring permittees and dock owners in Southern California harbors.
The Harbor Commission has ignored CBRE’s appraisal and continues to assert that they will
recommend raising the rates as they see fit. More here. – Jennifer Lee Krestan.
voiceofoc.org/2024/04/newport-harbor-boat-owners-confront-rent-spike-on-offshore-moorings/