Priors Yard update

[edmaggs]

So, if you manage to raise enough money, and if you manage to buy the sheds, and if you manage to repair them (which the surveyors seem to think isn't economically viable in itself), and if you manage to persuade Priors to keep transporting the boats to the shed (which they may decline to do on H&S grounds), will you still be charging reasonable storage rates? Oh, and will these reasonable rates provide sufficient return for your investors?

Yup, there's a lot of ifs, and you've put your finger on a very big one, which is that the plan is dependent on a good relationship with the yard. Assuming that the boat transport issues can be settled, (and actually I think it may be something of a non issue) it is hard to imagine that anyone running the boatyard as a commercial concern wouldn't jump at the possibility of being able to offer under cover storage - it's a major addition to the yard's "offer".

I imagine that the rates will be based on what Priors charge now. Whether you’d get the same 12 month discount that they offer is of course not clear. But we’ve got a lot of water to pass before we get to that stage.

And as to return, this is not a conventional investment. The large part of any return will be what an investor friend of mine used to call the "psychic return". We're not looking for commercial investors - this isn't development on the sly. The company will have an explicit "asset lock".

In haste

E

 

[pvb]

And as to return, this is not a conventional investment. The large part of any return will be what an investor friend of mine used to call the "psychic return".

Hmmm... so it's basically a few wealthy locals chucking money at the project in the hope of disrupting Mr Prior's plans.

 

[edmaggs]

Hi pvb

A spoiler? No, this is a serious proposal.

If Burnham keeps losing its maritime connections they will be gone for good. We don’t believe this development would be good for the town - it certainly wouldn’t be good for sailing in the town - and we’re trying to put our money where our mouth is. You can call it chucking if you like though that doesn’t sound like very respectful language. But I suppose all the money we spend on boats, or kids, or family is chucked away. Wealthy, which you seem to use as an insult, is relative, but this is not small change to us - it will involve major changes including probably selling our boat.

I get the feeling you’re not quite speaking your mind on this. Are you in favour of unrestrained housing wherever the market wants it?

 

[LONG_KEELER]

Given the speed of change that we are all experiencing , I'm surprised that Burnham has hung on to so much compared to other areas.

Boatyards, Priors, Rice & Cole and BYH. Marinestrore chandlers and two or is it three sailmakers.

The move from wooden boatbuilding to GRP changed everything . But more people are enjoying the sport now and the business is still there for those who are hungry and persistent enough to go for it.

Go Burnham !

 

[edmaggs]

Dear LK

Apropos nothing, I like your sign off very much. If only we knew as much as we did when we were young.

Thx