A new private market investment opportunity is now available to investors looking to diversify their portfolios through an alternative asset class. The BlueGate Boat & RV Storage offering entails the development of a Class A storage facility in Sanford, Florida, a city approximately 22 miles northeast of Orlando. The facility will feature 326 electricity-equipped units including 220 covered units. Offering sponsor Madison Capital Group owns the subsidiary, BlueGate Management, which will be operating the property once completed. The group acquired the 11.15-acre land parcel in 2021 at a significant discount,…
Author: Cindy Rivera
Kampgrounds of America, Inc. (KOA ) Expects Significant Expansion in 2024
Kampgrounds of America, Inc. (KOA) is looking forward to a year of significant expansion in 2024. In 2023, KOA elevated the total number of operating KOA parks to 511 by the end of the year. A key factor in KOA’s success has been the sales team’s progress, with 12 conversions of independent parks and the signing of eight new construction contracts, resulting in 20 agreements in 2023. This effort marked a significant rise from 14 agreements in the previous year. “KOA is the go-to partner for conversion and new build…
Lincoln County Issues ARPA funds for SARA Park Campground project in Tomahawk, WI
A project to improve a Tomahawk campground will receive funding from Lincoln County. During its meeting at the Lincoln County Service Center in Merrill on Tuesday, Jan. 18, the Lincoln County Board of Supervisors approved a resolution authorizing up to $100,000.00 in American Rescue Plan Act (ARPA) funds to be allocated to the City of Tomahawk for the development of campsites at the SARA Park Campground. Lincoln County received roughly $5.5 million in ARPA funds in 2021 as part of the federal government’s response to the COVID-19 pandemic. Since that…
Development of RV Campground Begins Near Carey Lake in Hibbing, MN
The city of Hibbing will soon begin the development of a 41-unit recreation vehicle campground on elevated terrain west of Carey Lake. The campground will include the extension of water and electrical services to each site, group tent campsites, a shower building, restrooms, campsite fire rings and picnic tables. Iron Range Resources & Rehabilitation awarded the city $1,500 in Grant Writing Assistance to hire a professional grant writer to prepare and apply for a Minnesota Department of Natural Resources Outdoor Recreation Grant, which provides matching funds to local units of…
Planning Commission Approves RV Park, Airstream Store in Georgetown, KY
The Georgetown-Scott County Planning Commission approved the applications for an RV Park and an Airstream dealership and denied a zone change application at their January meeting. The commission unanimously approved the preliminary development plan for a 75-stall RV Park with an entrance at 3036 Paris Pike, between Patriot RV and Bluegrass RV Storage. One of the conditions for approval is that the final development plan must have a lighting plan, and that all lighting needs to be directed away from the properties adjoining it, planner Elise Ketz said. No…
$10 Million Redevelopment Plan for Cottonwood Cove resort unveiled on Lake Mohave, NV
A $10 million redevelopment plan for Cottonwood Cove Resort & Marina was unveiled Wednesday as the concessionaire announced a new 25-year lease on the site. Lake Mead Mohave Adventures (LMMA), which operates Cottonwood Cove and six other marina and camping sites inside Lake Mead National Recreation Area, said amenities from a remodeled restaurant to the addition of more covered boat slips are part of the ambitious plan. “As one of the best-kept secrets in Southern Nevada, we are elated to launch a new, elevated experience at Cottonwood Cove Resort &…
Plans are in the Works to Build a New Campground in the Bay Area, WI
Cole Vernon and his father Craig Vernon, who is co-owner of White River AG Products and Northern Clearing, are developing plans to build a campground geared towards off road vehicle enthusiasts in the town of Kelly. How much it would cost, how many spots it would have and other details are still being worked out, but the father-son duo have what they think is the perfect spot for the campground picked out on Yderstad Road at White River AG. It would be owned by the company that created the Concert…
New Operational Plans and $12 Million in Renovations for Historic Camp Richardson in Lake Tahoe, CA
Camp Richardson Hospitality, LLC, an arm of ExplorUS, will operate the hotel, cabins, beachside inn, Richardson House, campgrounds and RV park, general store, ice cream parlor, mountain sports center, and restaurant.” The historic Camp Richardson is about to enter a new era under a new concessionaire. For over 100 years, guests have been welcomed to the resort, and now ExplorUS will be assuming operations starting January 6. With the recent closure of the popular lakefront Beacon restaurant at the resort, many wondered what would happen to the building. The restaurant…
$11 Million Bid Accepted to Renovate Noccalula Falls Campground in Gadsden, AL
It’s full speed ahead on the long-discussed and long-planned renovation of the campground at Noccaula Falls Park. The Gadsden City Council on Wednesday accepted a bid of $11,376,500 by Lambert Contracting LLC of Jackson County for the project. The goal according to city officials is to have the renovation completed within a year, since the campground will have to close while the makeover is underway. Council members also heard the first reading of an ordinance that will be considered next week transferring funds for the project from the city’s Capital…
Stillwater Beach Campground Sold in Bradford, OH
A popular, family-owned campground in Darke County has been sold, and some long-time tenants are concerned about spiking rents and slow refunds. A new management company called The Freedom Group has taken ownership of Stillwater Beach Campground in Bradford, Ohio. Several tenants told WYSO that the company has raised lot rents and delayed depositing requested refunds. The Freedom Group says in a statement that rent increases are needed to cover improvement costs and that it’s expediting refunds. Tenants at Stillwater often keep their RVs or trailers there from April to…