Category: Finance News

Outdoor enthusiasts will soon have a new place to park recreation vehicles in northern West Virginia. State officials broke ground at Mylan Park Wednesday. The project will bring a state-of-the-art RV campground to Morgantown with nearly 170 sites along with cabins and a clubhouse, according to a news release from West Virginia Governor Jim Justice’s Office. The news release said the $11 million project will repurpose a former mining site, utilizing $3.75 million from the Department of Environmental Protection’s Abandoned Mine Land Economic Revitalization program. State officials said investments into…

Construction of a luxury resort chock full of amenities for recreational vehicles is moving toward a spring 2025 opening, now that all relevant approvals are in place. The Roundabout Oxford RV and Water Resort will be built on some 85 acres on Highway 6, adjacent to County Road 105. The resort will occupy about 50 acres on the front half of the property. The estimated $22 million project is the brainchild of former state legislator Jay Hughes, his wife Cris and Drs. Andrew and Allison Ross. Their motivation as avid…

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,…

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…

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 &…

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…

More than $600,000 in state grant dollars are going to Fort Gratiot recreational projects — in part backing an effort to develop township-owned property that’s been in talks for several years. According to the state, $500,000 from the Michigan Department of Natural Resources’ Land and Water Conservation fund is going toward an RV campground on 100 acres off Parker Road, while another $112,500 from the DNR’s Recreation Passport program will go toward trail development along the “Parker West” property. “These dollars will help us to create recreational improvements that will…

A Chilliwack campground is getting nearly half a million dollars from the provincial government to pay for upgrades and improvements. Vedder River Campground is receiving $483,500 for infrastructure upgrades for existing serviced sites, adding new serviced sites, and improving customer amenities including public Wi-Fi, recreation, and accessible washroom and shower facilities. Chilliwack-Kent MLA Kelli Paddon said the provincial government’s support for the tourism project will bring more visitors to the community and strengthen the local economy. “Having great campgrounds around brings people from all over the world to this area…

Blue Water Development, a leading hospitality management and development company specializing in outdoor resort destinations, is thrilled to announce the opening of Sun Outdoors Sugarloaf Key. The resort, formerly known as Lazy Lakes RV Resort, just underwent a massive multimillion-dollar upgrade. The purchase and renovation of the property totaled just over a $14 million investment from Blue Water Development. This opening signifies Blue Water’s ongoing commitment to providing exceptional experiences for guests in the Florida Keys. Sun Outdoors Sugarloaf Key is a luxury location along a seven-acre saltwater lake, surrounded…