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Grays Bay Marina reports a ‘successful’ 2024 season; escrow tops $1 million
Summary
Assistant community facility superintendent Kaylee Coonan told the Minnetonka Park Board that Grays Bay Marina had 'another successful year,' reporting staffing and opening dates, slip‑fee policy, a wait list of about 160 people, roughly 24,000 gallons of gas sold and an escrow projected at about $1,000,000.
Kaylee Coonan, assistant community facility superintendent who oversees Grays Bay Marina, told the Minnetonka Park Board on Feb. 5 that the marina completed “another successful year.” She said the public launch opened March 4, slip holders were allowed access March 20 and the marina began staffing on May 13.
Coonan gave operating details and figures: the gas dock operates roughly from 10 a.m. until sunset (about 6–8 p.m. depending on season), public restrooms were open when staff were on site, and she reported that “around 24,000 gallons of gas were sold” during the season. She said five slip vacancies were filled for 2025, that the standard slip fee is $4,200 and that about 160 people remain on the wait list.
The presentation included an overview of finances. Coonan said marina revenues were “close to $300,000” for the season and that the marina’s escrow balance is projected at about $1,000,000. When asked about the use of escrow funds, she said the escrow is intended for capital improvements such as dock replacement, building work and replacement of fuel‑storage tanks.
A staff member noted that the Department of Natural Resources (DNR) owns the land and that the city and DNR operate under a joint‑use agreement: the DNR maintains the launch and parking while the city is responsible for the gas dock, slips and the small marina building. Board members asked about likely near‑term capital needs; staff identified docks and the gas holding tank as the next large expenditures and said any larger projects will be brought through the city’s Capital Improvement Plan process.
The Park Board acknowledged the report and thanked staff for the summary. The board did not take further formal action on the marina at the Feb. 5 meeting.
