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January, 2020

Stage two of the $20 million Frankton Marina  only officially opened
last year  is likely to start earlier than expected given the interest to
Lakes Marina Projects partner Alan Kirker says the number of inquiries
for the 85 berths in stage ones already outstripped supply.
While he and American partners Iraj and Nasser Barabi had about 10
years from the date of consent to crack on with the remaining 100-odd
berths, well sit down and look next month and possibly start to look at
stage two coming on track earlier.
Kirker says about two-thirds of the inquiries are from local residents
with the rest coming from people who have property in the Wakatipu
but dont live here.
One boat  brand new, from Sweden, identical to one which arrived at
the marina in November  was bought by people who didnt know the
front of the boat from the back of the boat but decided to invest in
one on the back of the facility.
We thought if we build it, they will come and thats whats
happening, which is great.
The lease for an 8-metre berths about $8000 a year, plus GST and
operating expenditure.
Kirker says some think thats pricey, while others consider it a bargain.
Theres an American chap I know that spends six months of the year in
town, hes got [a berth] on Lake Tahoe & its four times that amount in
Lake Tahoe.
It just depends on who the person is, what their bank balance looks
like and what their job is.
Inquiries from potential commercial tenants of the four under-
construction floating sheds are also mind-blowing, but they want to
take their time to make sure theyve got the right mix going in.
Kirker says the next challenge for the partners is to keep the marina

Source: Mountain Scene


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