GRDA OK's New Shangri-La Marina Project
The GRDA Board of Directors approved a proposal from developer Peter Boylan III for a new marina facility at Shangri-La during its regular monthly meeting Wednesday. The approval was unanimous, with member Terry Frost voting to abstain. Boylan is CEO of Shangri-La Marina Group, LLC. and proposes to build a $100 million condo-hotel development project at Shangri-La.
In an hour-long presentation to the Board of Directors, he highlighted the need for a new marina facility to justify building a new condo-hotel structure with Wellness Spa and recreation and meeting facilities.
The marina is actually two marinas---one out in the main lake outside the current Shangri-La rock breakwater with 435 boat and PWC slips, the other known as the Davis Cove project, which would dredge the cove across holes 8 and 9 of the Gold Course, eliminating the two holes for golf use. It will have 100 slips. He did not mention how this would affect the Gold Course but sources say he plans to close at least nine holes of it and build villas and condo units on it.
Having given the OK for the marina project, no board members asked if Boylan would then guarantee that the condo-hotel units would be built as part of the overall project. He was vague on the number of rooms planned and continued to withhold the name of his hotel partner that has been involved to date, although he mentioned the developer has been part of the Spillman Development Co. project at Lake Travis, near Austin, Tx.
His presentation included the names of some of the people opposed to the project. He had previously issued a 12-page response to some of the opposition, which he sent to GRDA's General Counsel, Gretchen Zumwalt-Smith. He showed photos of the marina layout, which did not appear to block anyone's view.
The Board's approval was with the caveat that he move the new marina to the south to avoid conflict with the one-third of the cove rule pertaining to the small cove that lies just west of the 18th green on the Gold Course. The proposed Ship's Store will be just to the south of the southernmost Shangri-La Villa.
Boylan also asked the Board for a delayed payment schedule for fees associated with the marina. He has paid the $2,500 permit fee and $500 dredging fee for the Davis Cove portion but will eventually owe some $140,000 in fees and permits for the entire marina project. The delayed payment schedule was also approved by the Board, with member Terry Frost abstaining, to be worked out by GRDA staff.
Boylan must now go to FERC for approval. He plans to build the marina in stages, but both GRDA and FERC require that the entire project be laid out initially for approval.
In an hour-long presentation to the Board of Directors, he highlighted the need for a new marina facility to justify building a new condo-hotel structure with Wellness Spa and recreation and meeting facilities.
The marina is actually two marinas---one out in the main lake outside the current Shangri-La rock breakwater with 435 boat and PWC slips, the other known as the Davis Cove project, which would dredge the cove across holes 8 and 9 of the Gold Course, eliminating the two holes for golf use. It will have 100 slips. He did not mention how this would affect the Gold Course but sources say he plans to close at least nine holes of it and build villas and condo units on it.
Having given the OK for the marina project, no board members asked if Boylan would then guarantee that the condo-hotel units would be built as part of the overall project. He was vague on the number of rooms planned and continued to withhold the name of his hotel partner that has been involved to date, although he mentioned the developer has been part of the Spillman Development Co. project at Lake Travis, near Austin, Tx.
His presentation included the names of some of the people opposed to the project. He had previously issued a 12-page response to some of the opposition, which he sent to GRDA's General Counsel, Gretchen Zumwalt-Smith. He showed photos of the marina layout, which did not appear to block anyone's view.
The Board's approval was with the caveat that he move the new marina to the south to avoid conflict with the one-third of the cove rule pertaining to the small cove that lies just west of the 18th green on the Gold Course. The proposed Ship's Store will be just to the south of the southernmost Shangri-La Villa.
Boylan also asked the Board for a delayed payment schedule for fees associated with the marina. He has paid the $2,500 permit fee and $500 dredging fee for the Davis Cove portion but will eventually owe some $140,000 in fees and permits for the entire marina project. The delayed payment schedule was also approved by the Board, with member Terry Frost abstaining, to be worked out by GRDA staff.
Boylan must now go to FERC for approval. He plans to build the marina in stages, but both GRDA and FERC require that the entire project be laid out initially for approval.
posted by Editor | 2:00 AM
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