Archive for » August 11th, 2017«

Causeway Marina expands on new Route 11 lot

WHAT IT’LL LOOK LIKE — The construction taking place a few hundred yards down Route 11 is for the future Causeway Marina Service and Sales location. The expansion should be open by Labor Day. (Drawing courtesy of Causeway Marina)

By Dawn De Busk

Staff Writer

NAPLES — Something deep in the ground caused one marina owner to rethink the location of his boat repair shop.

“Remember a few years ago when the gas prices were through the roof. That was what prompted me to start looking for something closer,” said Dan Allen, who co-owns Causeway Marina with his wife Dawn.

The Causeway Marina is located next to the Robert Neault Memorial Bridge off Brandy Pond. Currently, the marina has property in Bridgton for boat storage and repairs.

“Repairing the boats that far away was getting costly,” Allen said.

After looking at a few pieces of property on the market, Allen happened upon some acreage across the road from the American Legion Post 155. The lot is directly off Route 11.

“That is where we are moving our shop to,” Allen said, adding the new space will be where the marina repairs and stores boats. The Bridgton location will be storage only, he said.

“Because this lot is so desirable, we decided to put in a showroom for the new ones,” he said.

The boat repair shop “is going to allow faster service” for customers.

It will be in operation by Labor Day, Allen said.

“There is 8.5 acres,” he said. “Eventually, we will put a storage building there as we grow and need it.”

That is a future plan that is not yet on the drawing board. However, the Allens are certain that it will be a one-story storage building.

“We are not big into rack storage. You don’t need to in Maine,” he said. “It is costly to go up. Everytime, you lift a boat in the air on a forklift, it’s more labor intensive and it increases the chance of damaging a boat,” he said.

Currently, the foundation has been laid for the new Causeway Marina Service and Sales location. The building will be 48 by 60 feet. If all goes as planned, the Allens will be able to operate from that location by Labor Day.

According to Allen’s son Jesse who works for the family business, the new showroom will carry all the most popular watercrafts.

“We will be selling Crownline, Princecraft and Lowe boats,” Jesse said.

Future boat sales look promising, the father and son agreed.

“The economy is good now so people are back buying,” Dan Allen said.

Causeway Marina was represented at the Portland Boat Show, which took place in March.

“The boat show in Portland had a good turnout,” Dan said.

The number of people who order boats before the summer starts or wait until boat season is full tilt is a fairly even split.

“It is 50-50. Some like ordering early,” Dan said.

Jesse continued, “Some people decide at the last minute. Some people literally pull in and buy one because they saw a nice boat.”

The groundbreaking on the Route 11 property took place last autumn.

Chaplin Logging, in Naples, cleared the lot. Another Naples business, Earth Solutions, is doing ground work. Tim Barry, Inc., of Bridgton, placed the concrete.

Morton Buildings, Inc., which is based in Illinois with a branch business in Maine, will be erecting the structure.

“The building is going up on Aug. 15 — that’s when they’ll start construction,” Jesse said.

“It is going to be nice,” Jesse said.

Dan said that a lot of people have said they are excited about the completion of the construction.

“In this new building, we have a small showroom so that people will be able to see the boats inside in the wintertime without having to trudge through the snow,” Dan said.

“It also gives us room to put all our for sale boats in one spot rather than in multiple areas, Jesse said.


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Les Cheneaux Islands Antique Wooden Boat Show on tap for Saturday

Celebrate the timeless beauty of classic vessels during the 40th annual Les Cheneaux Islands Antique Wooden Boat Show on Saturday.

A Classic Boat Corral and Auction will be held at the Maritime Museum on M-134 from 8:30 a.m. to 5 p.m. today.

The fifth annual “Cool Rides — Waterside” Les Cheneaux Islands Car Show begins at noon, and this year’s featured car is the Pontiac GTO. Motorists can register at the Cedarville Library on Hodeck Street from 10 a.m. until noon. Vehicles will be on display from 12-4:30 p.m.; awards will be presented at 4:30 p.m.

After the car show, enjoy dinner — whitefish or chicken — hosted by the Cedarville Trojans Athletic Boosters from 5-7 p.m. at Cedarville High School.

Boat show activities will take place at the Hessel Marina on Saturday. Start the day with a pancake breakfast from 7-11 a.m.

The official opening ceremony of the Antique Wooden Boat Show will start at 10 a.m.

“This is our 40th year, so we are showcasing the ‘Best of 40 Years,’ bringing back approximately 11 Best of Show winners from the previous 39 years,” said Barb Smith, one of the event’s co-chairs.

“From 1978 until 2001, the ‘Spectators’ Choice Best of Show’ was chosen by the public. From 2002 to present, the ‘Best of Show’ has been chosen by the Boat Show Judges and the People’s Choice Award by spectators,” she explained.

There will be lots of vessels on display at the marina.

“To date, we have 151 boats pre-registered in the show,” said Smith, adding that boats can be registered at the event on Saturday.

“Approximately one-third of the boats are from the Les Cheneaux Islands,” she added.

There are two feature boats this year.

“Breezing Thru, a 26-foot Hacker Craft, is owned by Chuck Letts who was one of the founders of the Les Cheneaux Islands Antique Wooden Boat Show back in 1978,” said Smith of one.

“The local history of Breezing Thru began at Les Cheneaux in 1930 when it was delivered to E.J. Mertaugh Boat Works in Hessel for Charles Letts Sr. Chuck Letts Jr. has many fond memories of learning to drive Breezing Thru as a youngster,” she elaborated. “In 1947 Charles Letts Sr. sold Breezing Thru. When Chuck Letts Jr. returned from World War II, he tried to find Breezing Thru and discovered it in Connecticut sitting in a field uncovered and deteriorating. He purchased it for $65 and brought it back to the Islands and had Tassier Boat Works totally rebuild the hull.”

“The 2017 boat show poster (created by artists Diana J. and John Grenier) depicts the Letts family enjoying a ride through the Islands on Breezing Thru,” she said.

“The second feature boat is Garfield, a 1932 Gar Wood triple cockpit runabout with a V12 engine owned by Bill Parfet of Bay Harbor,” added Smith.

The Festival of Arts, held each year in conjunction with the Antique Wooden Boat Show, will be located on the waterfront from 10 a.m. to 5 p.m.

“We have 64 artists coming to the Festival of Arts to display and sell a variety of artwork,” she explained. “This juried art show features some of the Midwest’s finest artists.”

Dockside Traders — a special sales area featuring antique boat products and related materials — will be on site, too.

Entertainment will be provided throughout the day, including performances by Lise White Friends.

Arnold Transit Co. will host two separate channel cruises exploring the Les Cheneaux Islands on Lake Huron at noon and again at 2:30 p.m. Spectators may purchase tickets at the Antique Wooden Boat Show.

The event concludes with the awards ceremony at 4 p.m.

No dogs (except service animals) are allowed inside the gates. There is a $7 admission fee (children under the age of 12 may attend for free) to attend the Antique Wooden Boat Show. All proceeds go to the Les Cheneaux Historical Association and are used to maintain and enhance the Historical and Maritime Museums, both of which are located in Cedarville.

For more information on the Antique Wooden Boat Show and Festival of Arts, please contact the Les Cheneaux Historical Association by calling (906) 484-2821, email lcha@lchistorical.org or visit lciboatshow.com.


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Goldman Sachs seizes a yacht from a US oil mogul

Natita, the 66-meter yacht purchased by American
oil mogul, William Kallop in 2010 has now been seized by American
bank, Goldman Sachs following the owner’s inability to service
the loan against the yacht according to the Wall Street Journal.


Yacht Harbour

Delivered in 2005 as Dilbar by Oceanco in the Netherlands, the 66-meter yacht
became the first superyacht owned by Russian billionaire, Alisher
Usmanov. Renamed to Ona in 2008 following the delivery of
Usmanov’s new 110-meter Lurssen, the yacht was put on the market
and sold in 2010 at an asking price of €59,9 million to William
Kallop.

A year prior to buying the yacht, Kallop had sold his oil
business to a consortium of Korean and Columbian investors for
nearly $1 billion, investing into Quicksilver Ressources shortly
following the sale.


Yacht Harbour

Named after his moter-in-law, Natita wasn’t the first yacht
purchased by Kallop who also owns the 57-meter Bad Girl, built by Brooke Marine in 1992,
and a 93ft yacht, once used by John F. Kennedy, which he bought
at auction in 1998 and restored.

In 2014, Kallop borrowed $32 million from Goldman Sachs against
Bad Girl and Natita according to court fillings. The bank then
claims the owner then stopped servicing the loan in November 2016
with nearly $28 million still left. Three crew members, captain
included, recently obtained $90,000 in back pay from the owner
from a Florida court.


Yacht Harbour

Goldman eventually filled a suit with the Miami federal court to
have the boat seized, which the US Marshals did at a West Palm
Beach marina where the boat still remains. The bank’s first act
as acting owners was to purchase $67,000 of fuel for the yacht to
keep the generator running, fillings show.

Natita was put on the market back in 2016 asking $57.5 million
before having its price lowered to $52 million in September of
that same year. The yacht then underwent several price
reductions, leading up to its current price of $39,9 million.


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