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Business
Capital Gazette Communications
Published
01/14/09
It took three tractor-trailers, a forklift and a large crane to maneuver the massive piece of machinery into the South River Bridge marina yesterday, but the owners of the Gingerville Yachting Center said the exercise was well worth the effort to welcome what is likely the area's largest boat lift. 
Joshua McKerrow - The Capital
Standing near a new 80-ton boat travel lift at the Gingerville Yachting Center off of Route 2 at the South River Bridge, Marina Owner David Phipps talks with veteran boat lifters Rick Gunther and Elmer Alton.Find Us On Facebook
"We had about 30 people running around," said owner David Phipps. Mr. Phipps said the new 80-ton, "four-wheel drive, four-wheel steer" boat travel lift can move vessels longer than 100 feet. He said the plan is to use the lift to haul mostly powerboats in and out of the water because of the South River Bridge...
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loan is a bailout - 2009-02-04 10:25:16
You can call it a loan to this company, I'll call it bailout funds given to the bank...we'll discuss it again when and if it gets paid back to the bank, and when and if the bank pays back the taxpayers, which that is where the fund do come from. OK.
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Debbie F. - Arnold, MD - Karma: Neutral
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What bailout? - 2009-02-04 09:19:43
Debbie:
They got a loan, not a bailout. Wasn't the problem with the bailout that the banks weren't lending? Here we have a bank that is actually lending. Frankly did Severn Savings take bailout money in the first place?
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Dave v. - Annapolis, MD - Karma: Neutral
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It's a loan, not a gift - 2009-01-15 20:40:16
One of the primary goals of the bailout of financial institutions was and is to free up the credit markets. A few months ago businesses were grinding to a halt because they couldn't borrow money. The criticism now is that some banks are using bailout funds to pay shareholder dividends and continue inflated executive salaries. Seems to me that this loan is an example of exactly what the bailout was supposed to accomplish. And, Debbie, why are you so pessimistic to suggest that this company will go bankrupt?
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Nils Pedersen - Arnold, MD - Karma: Excellent
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WHAT the heck - 2009-01-15 08:41:15
3 million of bail out funds..is this an absolute good use of taxpayer funds? We all definitely need a new over the top boatlift. I think I am going to be ill. Is bankruptcy in the future??
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Debbie F. - Arnold, MD - Karma: Neutral
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