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August 15, 2007

Airport Corp. backs lease for yacht yard at Quonset

NORTH KINGSTOWN -- The Rhode Island Airport Corporation gave preliminary approval today to lease 32 acres of land at the Quonset Airport to a Florida developer seeking to construct a shipbuilding and repair yard for giant yachts at the Quonset Business Park.

The state agency that controls the business park, the Quonset Development Corporation, has already indicated its support for the project, setting aside 43 acres along Narragansett Bay south of the southern pier at Davisville.

But the airport property is considered critical to that project, and the initial approval today gave a promising signal to Island Global.

“This was a crucial piece for Island Global Yachting to move forward,” Dyana Koelsch, a QDC spokeswoman, said. “Without it, the deal would not have gone through.”

-- Journal staff writer Benjamin N. Gedan

Posted by Mike McKinney  at 7:05 PM | Permalink

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