Most of the infrastructure projects at the Money Island Marina community are developed and managed locally but funded through a combination of private and public funds. The most common funding formula is that we fund 100% of a project in advance and then the state uses federal funding to reimburse 75% of the approved costs. Since not all costs are refundable, it usually works out to something like a 50/50 split. We work with governments and other partners whenever possible to reach a level of cooperation that allows important projects to move forward.
While nothing is certain yet, this blog post is simply meant to build a list of the possible consequences of the Republican’s new budget slashing of environmental programs funded directly or indirectly through the EPA that would change Money Island New Jersey operating plan for 2017 and beyond:
- shoreline stabilization projects
- oyster reef recovery research
- dune building research
- channel dredging*
- roadway stabilization*
- waste water handling system
- boat pump out station
- boat ramp extension
- transient vessel dockage
- aquaculture education program
- waterfront development permits for aquaculture
- underground storage tank removal
- oyster safety monitoring program*
- overharvesting enforcement*
* These are 100% government controlled and funded, partially through EPA funds paid to the state.
We will continue to communicate with our partners as well as federal and state agencies to try to keep these projects on track. However, if the funding offer from federal government is withdrawn, we will likely be stalled here for an uncertain time.
BaySave Corporation 