When the renovations on the harbor were proposed, Shores residents were told that the revenue from the marina would fund the increased debt load from the bonds the Shores floated to fund the project. As the following letter indicates, at the same time this promise was made, Shores officials already had a letter from the accounting firm of Plante Moran advising them that the for revenue predictions to hold true, there had to be full well occupancy every year. Anyone who has walked the harbor in recent years is smart enough recognize this assumption would not hold true.
Read the report and ask yourself, did the incumbent Shores officials do their due diligence in going ahead with the project? Were Shores taxpayers mislead about the project being self funded by means of harbor revenues?