Bruce Newbury
Bruce Newbury
9:00am - 12:00pm
Talk of the Town w/ Bruce Newbury

1540 Updates

Update On Newport Yachting Center Sale

The Perigrine Group announced yesterday that will be purchasing the Newport Yachting Center, including the Mooring Restaurant, the Smokehouse Restaurant, the Sunset Terrace along with the marina and the parking operations from Newport Realty. The sale is expected to close in November. Newport Harbor Corporation will continue to operate the restaurants under the Newport Restaurant Group umbrella, Sunset Terrace and boat shows under long-term lease agreements.  In a statement released yesterday Paul O’Rielly, President and CEO of Newport Harbor Corporation said the primary reason they made the decision to sell the property was to invest in the companies expanding restaurant and hotel operations. They made the decision to exit the concert and festival segments of the company because the city noise ordinance was not designed for the concert business.  Evan Smith, CEO of Discover Newport spoke with WADK 1540 Live’s host Ryan Belmore yesterday afternoon about the sale and the future of many of the events that had taken place at the Yachting Center.  You can listen to the entire interview by visiting the 1540 Live podcast page on our website.



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