Make us your home page

Hubbard's Marina enters bankruptcy protection to reclaim boat

The Florida Fisherman is back on the job. Hubbard's Marina in John's Pass Village filed for bankruptcy protection in August to reclaim its double-decker deep-sea fishing boat after it was seized over debts to Bank of America.

Owner Mark Hubbard said that one of his companies, Florida Fisherman Inc., which does business as the marina, filed for Chapter 11 reorganization after the bank turned down his offers to restructure the debt.

"They wanted me to sign away my rights to the Florida Fisherman — basically give them the boat," he said. The vessel, which was seized in July and returned four weeks later, has been in the Hubbard family since it was custom-built for $800,000 more than 20 years ago. Hubbard refinanced for $600,000 in 2005 after he bought the marina business from his family, then struggled with payments as the economy soured.

He said he would work with the court to show his Madeira Beach company was stable and would "proceed forward serving the fishing community." The company claims debts of up to $1 million, including two loans with Bank of America worth $620,305, and $36,000 to a fuel company.

Hubbard's Marina enters bankruptcy protection to reclaim boat 09/09/10 [Last modified: Friday, January 28, 2011 10:00am]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. McMansions, state sewage order on tap at St. Petersburg City Council

    Local Government

    ST. PETERSBURG — The City Council is set Thursday to vote on two major issues: controversial zoning changes aimed at curbing big McMansion-style homes and a consent order with the state that will require St. Petersburg to fix its ailing sewage system.

    Two big, blocky homes on the 2300 block of Dartmouth, Ave N under construction in April. Several new homes under construction.
in St. Petersburg's Historic Kenwood Neighborhood are too big, residents complain. The St. Petersburg City Council on Thursday is set to consider ordinances aimed at curbing the construction of big "McMansions." [LARA CERRI   |   Times]
  2. Tom James and wife, Mary, talk about their James Museum of Western and Wildlife Art

    Human Interest

    ST. PETERSBURG — As a child, businessman and philanthropist Tom James loved cowboy movies, an affinity that would later play out in a vast collection of Western art amassed over the years with his wife, Mary.

    Tom and Mary James at the site of the Tom and Mary James Museum of Western and Wildlife Art.
Photo courtesy of Raymond James
  3. A reliable Rick Scott ally, Pete Antonacci, named CEO of Enterprise Florida

    State Roundup

    Pete Antonacci, who last week made headlines when he advised scientists to stay in their lane rather than criticize his water agency's work on Everglades restoration, is getting a new job.

    Pete Antonacci, an attorney seen here in 2009, has served many roles for Gov. Rick Scott: general counsel, executive director of the South Florida Water Management District and now, CEO of Enterprise Florida.  [
COLIN HACKLEY | Special to the Times]
  4. Pinellas County budget on the rise thanks to high property values

    Local Government

    CLEARWATER –– After another year of growth, Pinellas County commissioners won't have to fight to pay for critical needs in the 2017-2018 budget.

    The Pinellas County Commission on Tuesday learned the first details of its $2.3 billion spending plan for next fiscal year, which includes funding for the Pinellas County Sheriff's Office. [Courtesy of Pinellas County Sheriff's Office]
  5. Tampa Bay chefs go head to head and Disney Springs gets another James Beard winner

    Food & Dining

    Epic Chef Showdown: Feeding Tampa Bay

    In a shoulder-to-shoulder format cook-off competition, chefs from Parkshore Grill and Mise En Place strove Monday night to become the Epic Chef of Tampa Bay. In this course, using ramen as a mystery box ingredient.