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  #11  
Old 08-02-2012
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Re: Not to be repetitive, but greeting from the Windy City

W00dc4ip,
Does / Will OCY pro-rate the rest of the summer?
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  #12  
Old 08-15-2012
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Re: Not to be repetitive, but greeting from the Windy City

Quote:
Originally Posted by w00dc4ip View Post
I'll definitely take any info on Olson or any other time-share systems in the Chicago area. Already looked at SailTime and Pinnacle, they seem pretty damn expensive for what they're offering.
Is time-share expensive? I was a Pinnacle customer on a Jeanneau 40 out of Belmont Harbor during the 2011 season. Let's do the arithmetic:

Owning a Boat: A slip in a Belmont Harbor for a 40 footer is pushing $5000 when tax is included. That's if you are a Chicago resident - for suburbanites, there is a 25% surcharge. You have to put fuel in the boat from time to time, and they charge for that. In November, the boat has to go to Crowleys and be hauled out for the winter. Then back in the water in May, tuned up for the Spring. And there is maintenance and routine repair, insurance, license fees, taxes, and who knows what else. I'm guessing it all adds up to something in the neighborhood of $10K per year - and that's not even considering the purchase of the boat itself, let alone new sails, etc.

Time-Share: $8550 for the season (the same Jeanneau 40 I leased), plus a refundable damage deposit and a membership fee. That gets you 36 sailing opportunities (9:00 am - 5:00 pm or 5:00 pm - 9:00 am); 14 weekend and 22 weekday. They maintain the boat, top up the water, and pump out the holding tank. Once we were out an noticed a 4" tear in the foresail - we put it down in the log and the next time we showed up there was a new sail.

All you do is show up and sail.

Clearly, if you are retired and have nothing interesting to do except sail, six times sailing each month isn't going to seem like much. But if you only have time to sail once or twice per week, this is a fine option - and it costs less than what you would pay as an boat owner. If you can live with a (mere?) 37 footer, it is even less expensive.

[not affiliated with Pinnacle, just a satisfied client]
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Old 08-16-2012
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Re: Not to be repetitive, but greeting from the Windy City

Can the timeshare be further sub-divided? Could maybe four or five novices and one seasoned seaman acting as mentor share the cost and coordinate their combined boat time ?
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Old 08-16-2012
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Re: Not to be repetitive, but greeting from the Windy City

Quote:
Originally Posted by LongTallSailor View Post
Can the timeshare be further sub-divided? Could maybe four or five novices and one seasoned seaman acting as mentor share the cost and coordinate their combined boat time ?
I assume the answer is yes - Pinnacle encourages captains to register their 'crew' - in my case, that was my spouse. But most of the other captain-crew pairs were buddies from work, father-son, etc. I suppose you could extend this to a larger crew. The one catch is that the captain has to be on the boat. Maybe that would be your seasoned sailor acting as mentor. Whether you can have two captains on one share is a question I'm sure Gary Feracota would be happy to answer.

Having friends lined up to sail with you is a great idea. We had hoped to do most of our sailing with friends; turns out, not everyone jumped at the opportunity to go out on the lake. The few that were enthusiastic sometimes had scheduling conflicts. So, we did a fair bit of sailing with just the two of us. It was enjoyable and we learned a lot; however, it is usually more fun with four people on the boat than two.

By the way, Pinnacle provides a lot of support for relatively novice sailors. In fact, they insist that you 'pass' a basic sailing test. If you are new, they offer a series of five learning sessions on the water (at a modest cost) to get you up to speed. We did that - it was similar to ASA 101, but with greater emphasis on docking, as well as on Chicago specific concerns (don't try to sail up the River, etc.). We bought a couple extra sessions with an instructor; it was worth every penny in terms of our confidence in handling the boat.
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