Money for New OP Yacht Club Raises Some Concerns

Dec 05, 2012 -- 10:24am

A new, multi-million dollar Yacht Club is being planned in Ocean Pines, and some people are concerned, since the existing building has lost nearly $20,000 this year.

The Ocean Pines Association is losing money on amenities like golf and the Yacht Club. That's nothing new, but it was discussed again at a recent board meeting, especially since a new, $4.3 million Yacht Club will be built. That's in spite of a more than $19,000 loss so far this year.
Also, golf has showed a $300,000 loss.

 

Board member Dave Stevens said he's concerned the Yacht Club won't do much better even after a new building is up and open to the public.
 

Ocean Pines residents, earlier this year, overwhelmingly approved a referendum for the new building.

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