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July 24, 2008

How much is a boat ramp worth?

Concerning "... the first public boat access along Pender County's fast-growing coast":

County officials thought they had the funds in hand when the General Assembly passed a budget that showed $10 million for the project.

But the expected financial windfall has turned out to be as fleeting as a cool Carolina summer day.

...

Although the budget shows $10 million for the Hampstead project and $6.5 million for another new ramp just up the coast in Sneads Ferry, that doesn't actually mean the money has been earmarked for the projects. In fact, it hasn't.

...

Pender County is one of the fastest-growing counties in the state. Nearly 51,000 residents now call the county home, up 20 percent since 2000, and most of them have settled along the U.S. 17 corridor parallel to the Intracoastal Waterway.

A total of $16.5 million is hoped for. The annual benefit to each of Pender County's 51,000 residents would need to be about $20 to justify the cost (aggregated into perpetuity at a 10% discount rate).

Note: Pender County is north of Wilmington, NC.

Comments

I assume someone is totally incremental stress to the aquatic environment with each boat or boat ramp?

If it was me I'd ask for a small-boat put-in and a rowing barn.

The comments to this entry are closed.

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