Released on May 30, 2011
The province has reached an agreement for sale with Cafferata Enterprises Ltd. of Elbow to buy the Marina facilities at the Elbow Harbour Recreation Site. The government-owned marina has been leased to Cafferata since 1986.
"This is good news as it means better facilities for boaters who use the marina," Tourism, Parks, Culture and Sport Minister Bill Hutchinson said. "The buyer has agreed to refurbish the marina over the next five years, beginning this spring. The renewal plan includes replacing the main dock sections, finger piers and ramp floats."
The Elbow Harbour marina has been operated under a lease agreement by Cafferata Enterprises since 1986. Following the long-standing policy, the ministry offered the lessee first right-of-first-refusal to purchase the marina assets. The $240,000 sale price of the marina facilities is the fair market value, as determined by a professional independent appraiser.
"This is an important development for the Marina patrons and our company," Cafferata Enterprises co-owner Bryan Cafferata said. "My brother Barry and I are pleased with the agreement and excited about the renewal of the facilities."
The province's provincial parks rely on the private sector to provide a variety of visitor services including all fixed-roof rental accommodations, golf courses, boat rentals, food services and riding stables.
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For more information, contact:
Sean St. George
Tourism, Parks, Culture and Sport
Regina
Phone: 306-787-9087
Email: sean.stgeorge@gov.sk.ca
Cell: 306-526-8635