If it was my property, I would try for a condo marina. 52 slips at even a low-ball $50,000 per slip is $2.6 million. It would take a lot of Panera bread to make that kind of money that fast. (i love Panera, we have two near my house)
Now I don't think the state should allow a marina that big to be built, but that's a politcal opinion. From a purely financial point of view it hards to imagine a more lucrative development.
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