Non -agenda Public Comment 2/28/23 Wade Womack
Optimization of Existing City Mooring Rental Program
Summary: The City can generate more revenue at no taxpayer expense by lowering the rental rate for existing unused city owned and sublet moorings, rather than spending significant taxpayer money to install new moorings.
Background: The City currently has two classifications of moorings rentals available to the public:
1. City owned moorings- The City directly owns several moorings that are underutilized and sit vacant in the harbor due to the fact the city rental rate is set too high.
2. City sublet moorings- Approximately 20% of offshore moorings in Newport sit vacant. The vacancies occur when the permitted mooring holder is sailing the world, between boats or has a boat out of the water for major overhaul.
The city only rents out a small portion of these available moorings due to the fact the city rental (sublet) rate has been set too high.
Detail: The Harbor Commission is considering altering the existing mooring fields at significant taxpayer expense in order to install more city owned rental moorings to the harbor. This may not be prudent given the existing city mooring rentals are underutilized. Rather than adding more moorings to the harbor, City Council may consider better utilization of the existing city mooring rental program by lowering the rental rate to a rate that attracts mooring users. For unknown reasons, the city has set the existing mooring rental rates at a very high rate. For example, the city charges a public boater approximately $1,600 per month to rent a mooring for a 40ft boat. On the other hand, the yacht clubs charge less than half this rate for their mooring rental programs which appear to be well used. If the city were to simply lower (optimize) the rental rates for the city mooring rental program (to better align with supply and demand), it would generate significant revenue at no additional cost to the taxpayer while eliminating the need to add moorings to the harbor. In any event, it does not appear prudent to add more city rental moorings to the harbor given the existing available moorings are extremely underutilized.
FEB 28-MAR 5
Segerstrom Center for the Arts
Tue-Sun
600 Town Center Dr., _
Costa Mesa, CA 92626
Price:
❑ $200 ■$165 ❑$130 ®$110 ■$100 ■$90
MAR 1-8
Mechanics Bank Theater■®,�
Tue-wed
1001 Truxtun Ave.,
Bakersfield, CA 93301
Price:
■$165 ■$130 ❑$110 ■ $100 ■ $90 ®$80
MAR 10-12
Bridges Auditorium -Pomona College
Fri -Sun
450 N College Way,
_
Claremont, CA 91711`
Price:
■$165 ❑$130 ❑$100 ❑$80�
MAR 14,16
Thousand Oaks Civic Arts Plaza 00®e
Tue & Thu
2100 E Thousand Oaks Blvd.,
Thousand Oaks, CA 91362 �r °
Price:
$180 ❑ $165 ❑ $130 0 $110 ■$90 ■ $80
MAR 18-19
Terrace Theater
Sat -Sun
300 E Ocean Blvd.,
Long Beach, CA 90802
Price:
❑ $200 ❑$165 ❑ $130 ■$110 ■ $100 ■$80
MAR 21-22
Younes and Soraya Nazarian Center
rue -awed
for the Performing Arts 1
18111 Nordhoff St., t�1
Northridge, CA 91325
Price:
■$18011$165 ]$130 ❑$110 ■$100 ■$90
MAR 25-26
Performing Arts Center San Luis Obispo
Sat -Sun
16rand Ave., 00_"_R_
San Luis Obispo, CA 93405W-44
Price: GWA
■ $165 ❑ $140 ■ $120 ■$100 0$90
1.Online: Sheftnxom/LA 0 19 2. Hotline: 800-880-0188 0
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