Started Digging My Ski Lake, have ????

[skinut]

Hey Ballers. 

I finally pulled the trigger and started digging my ski lake. Hoping to have it filled and ready to go by mid May. I have some questions about mitigating risk, structuring memberships and rates, boat usage, insurance, dock design etc.

• Is an LLC the best way to mitigate risk in the event that someone gets hurt and the insurance isn't enough? 
• What other ways do you mitigate risk?
• How have you structured your memberships?
  • Amounts charged
  • Single
  • Family
  • Per pull
• Boat time?
  • Do you use an hourly rate?
  • Does it include fuel?
  • What about damage?
• Insurance
  • Who do you use?
  • What are the coverage amounts?
  • What premiums are you paying?
• Any dos or don'ts with regard to dock design?
  • Planning on having an enclosed boat house with a lift and then a covered deck.

Thanks in advance!

[Andre]

Can't help but congrats on your lake!  How long and wide is it  ?

[MISkier]

I sent you a PM with some details.

[BGrow76]

@skinut Where is your new lake being built?

[lpskier]

Your first two questions are legal matters that you should discuss with a lawyer, and the answers depend on a lot of variables. 
 

As for insurance, I highly recommend Sportsinsurance.com. Call Wayne at (518) 891- 2020

[skinut]

16 hours ago, BGrow76 said:

@skinut Where is your new lake being built?

SE Idaho. About 2.5 hours N. of Salt Lake City, UT

[skinut]

17 hours ago, Andre said:

Can't help but congrats on your lake!  How long and wide is it  ?

2100 X 200

[Golfguy]

Is this a real estate project, or pay to play concept. What is the site elevation? 

• Amounts charged
• Single
• Family
• Per pull

All of the above

Keep the dock above the water high enough so that the normal boat wave action doe not come in contact with the understructure. 

[BGrow76]

@skinut Great to hear of a lake going in close to Utah. How close are you to this https://willowlakesutah.com lake project in Logan Utah?

[skinut]

44 minutes ago, BGrow76 said:

@skinut Great to hear of a lake going in close to Utah. How close are you to this https://willowlakesutah.com lake project in Logan Utah?

It's about 2 hours south. I actually have a lot reservation on the ski lake.

[skinut]

1 hour ago, Golfguy said:

Is this a real estate project, or pay to play concept. What is the site elevation? 

• Amounts charged
• Single
• Family
• Per pull

All of the above

Keep the dock above the water high enough so that the normal boat wave action doe not come in contact with the understructure. 

It's pay to play. In the future I may develop it but right now its just a ski lake. 

[skinut]

1 hour ago, Golfguy said:

Is this a real estate project, or pay to play concept. What is the site elevation? 

• Amounts charged
• Single
• Family
• Per pull

All of the above

Keep the dock above the water high enough so that the normal boat wave action doe not come in contact with the understructure. 

We're at 4,500 feet. 

[jipster43]

Wow! Congrats @skinut !!! That is huge. I think your biggest issue will be keeping the riffraff from Montana out.

How long did it take from purchase of the land to the first scoop of dirt?

[LoopSki]

I prefer BYOB with a 15 minute rotation unless no one’s waiting then can go as long as you want.