Lake Chatuge Topics: Smith's Marina update
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Name:
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Lifer
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Subject:
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Smith's Marina update
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Date:
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7/10/2014 9:04:13 AM
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My guess is they realized you can't make money without creating a "destination" and you can't have a destination without parking for automobiles also, as boat traffic alone will not provide enough traffic. There is NO parking at that spot. No more than 2-3 cars can be there without blocking the driveways to the nearby residents or the road itself. IMO there is no way to recoup the investment it would take to make it into any type viable business. I base this opinion on 55 years of lake living with 20+ of those years within swimming distance of the property in question.
There is not a single structure on that property that is not a liabillity instead of an asset. I even include the concrete boat ramp that has had no maintenance performed in 30 years or so. At least not the last time I saw it a couple of years ago. The tanks in the ground alone would cost well into six figures to remove and replace and I can't imagine they would ever pass EPA standards of today. My best guess is the developers were trying to buy adjoining or nearby property(s) and those negotiations broke down so they scrapped the project. Surely they were wise enough to see the folly in trying to resurect the property as is.
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