OCEAN CITY — The beach equipment rental business remains lucrative, judging by the results of a recent auction of the parcels in the downtown area.
During Monday’s Ocean City Mayor and Council meeting, City Clerk Diana Chavis announced the results of December’s beach equipment rental parcels in the downtown area south of 27th Street. The town’s beach equipment rental franchise parcels, or informally beach stands, are auctioned in a three-year cycle with geographic areas including the north end, the middle and the south end.
In December, most of the south-end parcels from 27th Street south to the Inlet went up for auction. A total of 34 parcels were included in the section and the contracts for six of them were renewed for another three-year term at an annual fee of 10% greater than the initial term. The remaining 28 parcels were auctioned, and with spirited bidding for most, the town’s revenue for the south section will increase by nearly 67%.
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6 comments:
OMG The OC budget manager must be so excited, more money to blow, well better than the risk manager
Sounds like a reasonably inexpensive money laundering opportunity.
Exactly what I was thinking!!
You mean like all the Sunsations that stay open year round and never see a customer?
Hmmm...who on the council has something to gain? Don't I remember Mary having a parcel a couple years ago.
Toothless, na, but her daughter was seeing someone connected
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