I read a story once about a billionaire who managed to flout a zoning limitation by building himself an absurdly huge high-rise single apartment. Once that was done, he waited a bit, and either using a loophole that already existed or one he finagled into the law, he added a bunch of walls inside is personal mega-apartment to and then sold off all these new units as regular apartments.
Now I think of this in the context of the American dredging and shipping laws. There’s a lot of rules surrounding dredges and shipping vessels, but there are a lot fewer surrounding luxury items like yachts. So imagine a group of investors building a big, state of the art shipyard that builds yachts, but which can be converted for little or no additional cost to build dredges or vessels suitable for river shipping or similar.
A simpler alternative scheme is to just comply with the laws but use yachts or similar less-regulated vessels as a lead product to build capacity for the more economic ones, analogous to how Tesla strategically built an electric sports car to generate interest and funds for eventually building electric sedans.
I read a story once about a billionaire who managed to flout a zoning limitation by building himself an absurdly huge high-rise single apartment. Once that was done, he waited a bit, and either using a loophole that already existed or one he finagled into the law, he added a bunch of walls inside is personal mega-apartment to and then sold off all these new units as regular apartments.
Now I think of this in the context of the American dredging and shipping laws. There’s a lot of rules surrounding dredges and shipping vessels, but there are a lot fewer surrounding luxury items like yachts. So imagine a group of investors building a big, state of the art shipyard that builds yachts, but which can be converted for little or no additional cost to build dredges or vessels suitable for river shipping or similar.
A simpler alternative scheme is to just comply with the laws but use yachts or similar less-regulated vessels as a lead product to build capacity for the more economic ones, analogous to how Tesla strategically built an electric sports car to generate interest and funds for eventually building electric sedans.