It looks like the Frank S. Farley Marina--the nautical facility that gives Trump Marina its name--won't be neglected when the casino-hotel changes hands later this year.
Last week, boaters who lease slips at the state-owned marina received a letter from Coastal Development LLC, the company that is slated to buy the property from Trump Entertainment Resorts, containing good and bad news.
The good news: Coastal Development--in partnership with Jimmy Buffett's Margaritaville brand--plans "substantial investments and improvements" in the Farley complex.
The bad news: When work begins (probably not before the end of the '09 boating season, according to the missive), renters will most likely be asked to "temporarily vacate" their slips while the work is being done.
May 28 is the target date for the sale to close.
Since then, Chuck has covered the town and its gaming industry for several area newspapers -- which is why, in some circles, he’s known as “Boardwalk Charlie.”
You can reach Chuck at darrowc@phillynews.com.
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