I was going through the mooring field in front of the Balboa Yacht Club this week and the thought of doing a mooring update came to mind. So, I headed back into the harbor to make some observations and ask some questions.
One of the first things I noticed was that the members of the Newport Mooring Assn. still feel like their bottoms were cleaned with steel wool pads. They are still feeling the hurt from their loss of time and promises made to them.
"That's old news," I then said to myself.
What's going on now and what is my mooring permit worth? I asked a couple of people around town, and with little to no transactions taking place, the best estimate I can provide is $500 per foot — down from $1,000 per foot this time last year.
The waiting list has not changed, and with two permit transfers allowed within the next 10 years, I do not see that list changing anytime soon. There are now just under 200 people on the list.