I was wrong!

Yes I was wrong and I admit it. Unlike say Mayor John Dickert I know I can be wrong and know  when I am I can say so and move on

What I was wrong on was the Reef point Marina and like I said on my Podcast today and an earlier post that I made a mistake I like to thank UP for his taking the time and explaining things to me that I did not understand, allowing me to follow up on info he gave me to learn more.

IMHO Jim Ladwig did the right thing to get Reefpoint and doing the right thing by investing it this and the upgrades planed so far.

Numbers do not lie.

Reef Point holds about 950 Slips rents run from about 1800 to about 2300. a year to rent, A good marketing effort should see about 50% rented this year or   say 600K brought in next year on I see 75% rented or about 700 rented at the same cost (Low balling rents based on size ect) for about 1 million brought in.

The profit will be reinvested in the Marina NOT shared with the City of Racine. so I see the county doing well on this investment.

I fully understand that a effort will be made to not only to bring in large craft but more local,area, State and outside Wisconsin Fishermen/Small pleasure craft to Racine launch fatalities. This money I understand goes to the City, there might be efforts to force the City to share or at least show where the money went.

Preventing   what IMHO I will call Mayor John Dickert lining his pals pockets and not benefiting the City of Racine as a whole.

Will spin off occur to help the Downtown? I do not know. I have been told that R.P. is doing more to work with the DNC. ( I hope that’s a two way street) so I guess some benefit will happen  how much I do not know.

I can also see opportunities for new businesses  around the Marina from repair to delivery.

Will this go smothly no  issues will happen, I however trust Mr. Ladwig more then Mayor John Dickert to fix them WITHOUT giving $$ to pals. I can also see Racine County seeing the other oppertunies that the City refuses to act on.

I did talk to the County Executive today about my fears and he was able to reasure me about them, as did the Marina Manager.

I will be removing my old postings to reflect my new thoughts on this issue.

Oh I am so get ripped because of this

 

Note Root River Pirates is in effect!