Hamilton Reef
12-23-2008, 08:33 PM
Harbor Beach Marina still in the red
HARBOR BEACH — Less-than-ideal fishing conditions, high fuel costs and a struggling economy have taken a toll on the Harbor Beach Marina.
Finances have been an issue for the city-operated marina for more than a decade, and the past fiscal year was quite rough. The boating facility ended the 2008 fiscal year with an $89,000 deficit.
With finances in the red, Parks and Recreation Director Ron Wruble said the marina still owes the city more than $230,000, and there is not enough cash flow to pay back the city’s loan.
http://www.michigansthumb.com/articles/2008/12/22/sports/local_sports/doc494fbb30ee8cd933033726.txt
HARBOR BEACH — Less-than-ideal fishing conditions, high fuel costs and a struggling economy have taken a toll on the Harbor Beach Marina.
Finances have been an issue for the city-operated marina for more than a decade, and the past fiscal year was quite rough. The boating facility ended the 2008 fiscal year with an $89,000 deficit.
With finances in the red, Parks and Recreation Director Ron Wruble said the marina still owes the city more than $230,000, and there is not enough cash flow to pay back the city’s loan.
http://www.michigansthumb.com/articles/2008/12/22/sports/local_sports/doc494fbb30ee8cd933033726.txt