Manteo Marina To Be Auctioned For 2nd Time In 5 Years

The second auction of Shallowbag Bay Club Marina in Manteo won't be the same as the first one, when the buyer eventually defaulted.

The Virginian-Pilot of Norfolk, Va., reported that Tranzon Fox will sell the assets piecemeal rather than selling the whole marina. Thirty-five slips, ranging from 25 to 60 feet, will be sold starting at 4 p.m. Friday. Tranzon says slips will be sold, regardless of price.

The Ship's Store, including a retail store, fuel pumps, office and communications tower, will be auctioned separately at 4:30 p.m.

Tranzon first auctioned the 73-slip marina in October 2006 for more than $2 million to the Vinings Marine Group LLC. Tranzon says Atlanta-based Vinings defaulted because of the recession.

Shallowbag Bay Club is located on the Roanoke Sound.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by m on Oct 7, 2011 at 09:25 AM
    Why doesn't the state run as a for profit organization. Make some money for a change. hummmmmm
WITN

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 131315649 - witn.com/a?a=131315649
Gray Television, Inc.