- Areas of Service
Marina Feasibility Studies and Marina Due Diligence
Prior to planning a marina development a question surrounding the overall feasibility of the project should be asked. When developing along the waterfront one of the primary questions that should be asked is “what the local, state, and federal agencies will allow for a marina and waterside development?” Often times the environmental restrictions will dictate the type and size of marina facility in question. Just a few of the environmental concerns that may need to be addressed are endangered species, water quality and flushing, and wave climate.
Another question that should be asked is, “what is the current market conditions and will they be able to support a marina facility”. This is one of the key items that many waterfront developers do properly address is the demographic of the expected user, this is typically called a marina market assessment. For example there are some locations where fishing is the primary boating activity; therefore the facility should address the types of fishing vessels (inshore or offshore) in the area. Other locations may primarily be cruising destinations and many of the boaters will have a fairly high net worth. This scenario may lend itself well to a megayacht marina development accommodating vessel lengths in excess of 100-ft.
The physical constraints of a marina basin are also a driving factor of a marina feasibility analysis. If the physical constraints are not addressed properly early in the planning process the overall usability of the marina facility may have a basin that is not conducive to a profitable marina. By understanding the market conditions and marina layout and design guidelines a marina basin can be design to be profitable and compliment the upland development.
There were days past when marinas could be used as a loss leader to sell the upland development. With the current economic conditions the ability for a marina to turn a profit is more important than ever. As a marina is planned, the financial and operational aspects should be as integrated into the process as the overall site constraints. Developing a marina proforma early on in the process can help to obtain financing and demonstrate the long-term financial strength of the waterfront development.
Hans Wilson and Associates takes pride in our approach to marina development. This process includes an integrated approach that includes market conditions, environmental factors and limitations, physical limitations, operational cohesiveness, and marina financial feasibility.
"To provide quality, cost effective consulting and engineering design services, balancing the impact of human development in the marine environment."
Hans Wilson & Associates, Inc.
1938 Hill Ave.
Ft. Myers, FL 33901
Phone (239) 334-6870
Fax (239) 334-7810
- Don’t Miss the 41st Annual Fort Myers Boat Show ~ November 14-17, 2013
- Great News ~ Hans Wilson has been appointed to Florida’s Boating Advisory Council
- SWFMIA 2013 Annual Dinner
- Catch up on Andros Gold aka Dwight’s West Side Story
- Don’t miss parts 2 and 3 of Andros Gold – Dwight’s West Side Story
- Go Boating Florida ~ Andros Gold Blog
- Water Reuse Week, May 19-25
- Southwest Florida Marine Industries Association ~ Welcome To The Water
- DEP NEWS~March 2013 Seagrass Awareness Month
- Hans Wilson Interview ~ Ask An Expert ~ WINK 1200 AM