Who profits if the Discovery Pier, Harbor and Marina happens?

No individual or private entity profits. The Discovery Center (a 501 (c) 3 non-profit entity) will be the operator of the Community Pier, Harbor and Marina taking all the financial risks and rewards to sustain the Phase 2 Discovery Center facilities and further its mission and those of its member non-profits. Generating an on-going revenue stream from related business ventures (referred to as a “Social Enterprise”) is an established practice for stabilizing funding for non-profit organization rather than relying solely on fundraising and donations. Conceptually, the market-rate rental slips will cover the non-profit aspects of the Community Harbor and generate about $80,000 a year, after all expenses and debt reduction, toward the operation of the Discovery Center. The State of Michigan will be paid about $25,000 a year for the bottomlands lease and the private property owners will be paid rent in roughly an equivalent amount for the use of their riparian shoreline and sharing their parking. However, they will not participate in any profits.

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