West Alton Marina manager arrest for alleged sex crimes

[Poor Richard]

Originally Posted by Descant

Go condo young man. 440 slips at~$100 K is $44,000,000, plus valet and other assets. Slips at MVYC are going for $175K.

Small difference is, WAM has the stigma of employing pedos. I wouldn't exactly file that under "value add" but that's just me.

[LikeLakes]

Originally Posted by Poor Richard

Small difference is, WAM has the stigma of employing pedos. I wouldn't exactly file that under "value add" but that's just me.

Liens and perhaps complicated purchase parameters may affect value, but not so sure the legal situation will. New owner gets to clear the slate, enact proper, proactive, modern employment training and policies and get a fresh new start.

If I bought WAM I'd hire a well qualified HR/employment person right away to make sure practices were correct and send the message of zero tolerance from day 1.

[Descant]

Originally Posted by Poor Richard

Small difference is, WAM has the stigma of employing pedos. I wouldn't exactly file that under "value add" but that's just me.

Ten days, no, make that 5 days, after the sale, nobody will remember their names. Certainly not the proud new owners of 440 slips, and/or valet services. Ya gotta believe that all the boat owners posting looking for slips are sharpening their pencils and salivating at the thought that WAM will be a condo by next spring. Right behind them are all the investors who want passive income.