Belle Maer Navigator Newsletter

Navigator
December 2011
Page 2

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Stories on this page:

New Belle Maer Sign Includes All Tenants

Joss Wharf Gets Upgrades

Marine Lending Saw Gains During Most of 2011






New Belle Maer Sign Includes All Tenants

A new entrance sign was put in place at Belle Maer this month—a sign that lets visitors know they are entering Belle Maer, but tells them much more. This handsome new sign also includes the names of all of the businesses that can be found inside the marina: Summers Marine, Miller Custom Boat Top Inc., Duffy’s Landing, Bay Harbor Fiberglass and SkipperBud’s.

Announcements and specials will still be communicated in the area below the sign.

Although the new sign lens replaced the old one in the existing frame, it was designed to be a more informative and contemporary way to greet first time and returning visitors to the marina.



Joss Wharf Gets Upgrades

Thanks to the mild fall, workers have been able to get a sizeable jump on the upgrades being done on Joss Wharf before winter slows things down.

Among the improvements being made on Joss Row is the installation of new sea wall sections, (with new tie back cables), new water and electrical lines, new utility pedestals and, finally, new sidewalks and landscaping.


Marine Lending Saw Gains
During Most of 2011

The Michigan Boating Industries Association reports that marine lenders who gathered for their Annual Conference described the past year as one of growing interest in loans with a moderate increase in bookings through the early fall boat show season. Looking ahead, lenders see slow growth in both boat loan demand and funding, static borrower standards and terms, and interest rates continuing at historically low levels.

Held in San Antonio November 6 to 8, the conference was attended by lenders and firms that provide services to the lending market. Remarketers offered that they see some decline in volume as new (or aged) boat inventory is largely worked off. Marine insurers said premium revenue had grown a bit on a steady book of clients. Marine surveyors and maritime attorneys had similar views suggesting the pre-owned market continued to be responsible for the core of their activity.