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Council members in the town of Palm Beach have discussed spending $50,000 for a study to help them decide if they should rebuild the town docks to accommodate more large yachts, according to a story in the Palm Beach Daily News.
One of the main reasons for the study, the newspaper said, was to identify the potential for increasing the town’s revenue from dockage. In the 2015-16 budget year, the docks generated $3.5 million. Town Manager Tom Bradford told the council that could increase to more than $5 million.
To read the full story, click here.