The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every Tuesday on BoatingIndustry.com.
1. Video: Fire destroys New York marina
A fire at a New York marina destroyed a storage warehouse early Monday.
The fire at the Shore Waterfront Marina and Restaurant, located on Tonawanda Island, north of Buffalo, destroyed at least a dozen boats, with several more damaged.
The cause of the fire is still under investigation.
2. Palm Beach show boasts 17 percent growth
An estimated 40,000 people attended the Palm Beach International Boat Show last weekend, an increase of 17 percent from last year, show organizers said.
Participating dealers reported an uptick in sales and buyer interest as well.
3. Senators propose use of more E15
Sens. Rand Paul, R-Ky., and Chuck Grassley, R-Iowa, have proposed the Fuel Choice and Deregulation Act of 2015, which would allow 15 percent ethanol blends (E15) to be sold year-round.
Under current regulations E15 cannot be sold in the summer in some areas because of volatility concerns. The bill would require the EPA to issue a volatility waiver for E15.
4. Sun-Sentinel: Don’t spend your refund on a boat
There are smart ways to spend your tax refund and ways that aren’t smart, says the South Florida Sun-Sentinel.
And a boat is one of the “not” ideas, says the paper, advising its readers “don't forget the old adage that "a boat is a hole in the water surrounded by wood into which one pours money."
5. GE Capital sale continues to garner attention
Not surprisingly, GE’s announcement last week that it is selling its GE Capital division is getting plenty of attention. The Week collects some reactions.