He doesn't need money for the Marinas. He is working with a Capital Financing Partner. They fund him X amount of dollars for the permitting phase. Once permitting is done they will increase their participation.
The company has an option to sell the properties once permitting is done. IMO all these marinas are a quick flips for large cash flow.
The water properties value increase ten fold when all permits are in hand.
Do I think Anderson is going to build a marina? NO I DO NOT.
I believe he is going to do all the permitting and flip the properties or lease them out to a marina developer. All in my opinion.
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