Beach Stands Auctions Bring Revenue Increase To OC
OCEAN CITY � The beach equipment rental business remains lucrative, judging by the results of a recent auction of the parcels in the downtown area.
During Monday�s Ocean City Mayor and Council meeting, City Clerk Diana Chavis announced the results of December�s beach equipment rental parcels in the downtown area south of 27th Street. The town�s beach equipment rental franchise parcels, or informally beach stands, are auctioned in a three-year cycle with geographic areas including the north end, the middle and the south end.
In December, most of the south-end parcels from 27th Street south to the Inlet went up for auction. A total of 34 parcels were included in the section and the contracts for six of them were renewed for another three-year term at an annual fee of 10% greater than the initial term. The remaining 28 parcels were auctioned, and with spirited bidding for most, the town�s revenue for the south section will increase by nearly 67%.
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During Monday�s Ocean City Mayor and Council meeting, City Clerk Diana Chavis announced the results of December�s beach equipment rental parcels in the downtown area south of 27th Street. The town�s beach equipment rental franchise parcels, or informally beach stands, are auctioned in a three-year cycle with geographic areas including the north end, the middle and the south end.
In December, most of the south-end parcels from 27th Street south to the Inlet went up for auction. A total of 34 parcels were included in the section and the contracts for six of them were renewed for another three-year term at an annual fee of 10% greater than the initial term. The remaining 28 parcels were auctioned, and with spirited bidding for most, the town�s revenue for the south section will increase by nearly 67%.
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