TPM Readers check in on Aqua-Duke
The annual cost of owning such a boat is far more than the marina fees. And remember, Duke was already paying those fees for his own boat before he switched to the "Duke Stir."
If the Duke pays for parking and gas, can Wade buy him a Porsche?
Then there's RN
You're missing the bigger point. A yacht like that is worth easily a million dollars. It's not the slip rental. It's the fact that he got to live in a million dollar "residence" for the cost of the slip rental. It's like if someone offered you their million dollar house, and all you had to pay were the homeowner's fees.
But just FYI, I used to live on a boat in L.A., in Marina Del Rey for 2 years. Most marinas have basic slip rental rates. I would imagine on the Potomac in the high-rent slips, like Wade's yacht was in, they run (I'm being conservative) between 15 & 20/foot per month. But marinas aren't crazy about liveaboards, because they use lots of electricity and water and they pollute. Marinas generally discourage the practice so they tack on liveaboard fees which will typically run the slip rent up another 50%. If it was a 50 foot yacht then the slip rental could have been $1000/month easy. Plus another $500/month for the liveaboard fees, making $1500/total.
I defer to the <$NoAd$> yachtsmen among you.
Then there's CC
I thought I had read that Mitchell Wadeâs yacht was docked in Duke Cunninghamâs slip while the Dukeâs yacht was being repaired. So isnât the Duke simply paying his own dock fees while living on Wadeâs yacht for free? Or am I confused.
Nope. That's what we thought too.