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Permits & Entitlements This is one of the biggest obstacles and greatest risks associated with new marina development, refurbishment and expansion. Many "would-be" investors and developers have found themselves in uncomfortable circumstances waiting on entitlements to materialize. Suffice it to say that marina development isn't what it used to be. Depending on the location, there can be as many as 30 different agencies that must approve a new marina development... and that's after it's made it past all the required public hearings. Understanding the goals and responsibilities of all the agencies involved in the decision process is paramount to a successful undertaking. Having an intimate understanding of the development goals of the governing municipality or county and structuring your plan in accordance with those goals is an absolute necessity. |
Not enough can be said for positioning your property well in advance of a planned sale. When a property is sold with entitlements all of the front end risk is removed for the buyer. The seller obtains a higher price and benefits from a short due diligence period and quick closing. The buyer is able to proceed with confidence and able to bring the project to market in the shortest amount of time, saving potentially millions of dollars in carrying costs. The entitlement process can be daunting, time consuming and expensive. Atlantic Marine Management is able to leverage their knowledge and experience to pool industry, business, legal and political resources into a project team that can "shrink the distance" for many projects.
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