The Port of Toledo has settled out of court with a couple of catamaran builders who occupied a building the port had leased to them for five years. The first two years of the lease found them building a luxury catamaran for a wealthy couple who planned to sail it around the world. However, things didn’t quite go as expected for the two builders and they wound up taking the craft out of the leased building in an effort to lower their costs. Eventually the catamaran owners, who contracted with the builders, took possession of the boat and finished with the windows and interior finishing.
The Toledo Port Commission took the two builders, John Shaw and Pat Meyers to court, in an effort to recoup the port’s lost income on the lease. In the end the port finally settled on $40,000 from both Shaw and Meyers.
But in the meantime, Yaquina Boat, a long standing leasor of port space, has stepped in and leased the building to house their wheelhouse building operations. Port Manager Bud Shoemake says Yaquina Boat has been a great tenant for the port and that he’s pleased that the company took over the empty areas of the building.
Meanwhile, Shoemake says the port continues to seek grants and other funding for a substantial expansion of the port’s boatyard operations. Shoemake says the re-emergence of what was the old Fred Wall boatyard has become a great economic boost to the Toledo area providing family wage jobs with a future that looks bright.
Shoemake says they’re shopping for a 300 ton travel-lift that can lift a variety of boats out of the water that need work done on them. Shoemake says the lift will open a whole rainbow of new opportunities for the boatyard because they’ll be able to work on 98% of west coast and Alaskan fishing vessels. Shoe make says they expect to be driving pilings next November to accomodate the new travel-lift.
They’re also pursuing plans to build a boat sanding and painting operations within an airtight facility on boatyard property.