A New Era for Boating in Newport: Grand Banks Marina at Spring Wharf

Newport’s Nautical Heritage Meets Modern Vision

In a move that has both excited and intrigued the yachting world, Grand Banks Yachts has officially secured Casey’s Marina at Spring Wharf, further solidifying Newport, Rhode Island’s reputation as America’s sailing capital. Mark Richards, the CEO of Grand Banks, heralded this acquisition as a significant milestone, describing it as a thrilling next chapter for the storied harbor, steeped in deep sailing heritage.

Richards, with nearly four decades of experience in sailing and boatbuilding, sees this marina as an essential home for Grand Banks owners. The significance of Newport, known for its illustrious America’s Cup history and as the home to the New York Yacht Club, cannot be overstated. This acquisition marks a unique pivot for a powerboat builder to make its mark in a region traditionally dominated by sailing.

A Vision for the Future of Boating

The newly acquired site will undergo a transformation to become the Grand Banks and Palm Beach Motor Yachts Marina, an innovative concept that combines luxury boating with high-caliber service. This facility will feature reserved berths, haul-out services, and an exclusive lounge for owners, offering an elevated experience that blends comfort with nautical elegance.

Included in this purchase is the expansive 10,000-square-foot Waites Wharf, which will enhance the marina’s capabilities. This strategic acquisition is not just about expanding Grand Banks’ footprint; it is a commitment to fostering a rich boating culture that acknowledges Newport’s storied past while also embracing the future.

Honoring Legacy While Embracing Change

Bill Casey, the former owner of Casey’s Marina and a Newport native, expressed his satisfaction with the transition, highlighting the importance of having a team that respects the legacy of the marina. Established in 1986 on a historic fish dock, Casey’s Marina has been a staple in Newport’s waterfront for generations. Casey’s sentiments echo the collective hope of many locals who wish to see the marina thrive under new stewardship while maintaining its historical essence.

Newport International Boat Show: A Gathering of Aficionados

The excitement surrounding the Grand Banks acquisition coincides with the upcoming Newport International Boat Show, scheduled for September 17-20 at the Newport Yachting Center. This prestigious event spans over 17 acres and showcases the latest in both sail and powerboat designs, including several making their U.S. debuts.

Attendees can look forward to educational sessions and in-water boating courses, as well as the return of the popular Windward VIP lounge, offering a serene retreat from the bustling crowds. This year’s show promises to be a focal point for both enthusiasts and industry professionals, reinforcing Newport’s status as a pivotal hub for nautical innovation and culture.

The Sailing Museum & National Sailing Hall of Fame

Complementing the marina’s transformation, the 2026 Sailing Museum & National Sailing Hall of Fame Induction Ceremony is set to take place on October 7 at the New York Yacht Club Harbour Court. This event will honor remarkable individuals who have made significant contributions to the sailing world, including pioneering women and Olympic champions. This ongoing celebration of sailing history underscores Newport’s role as a custodian of maritime legacy.

A Bright Horizon for Newport’s Boating Community

The acquisition of Casey’s Marina by Grand Banks Yachts is a transformative moment that not only enhances the marina’s offerings but also strengthens Newport’s position as a central hub for boating enthusiasts. As the marina evolves, it will continue to be a place where tradition meets innovation, appealing to both seasoned sailors and new entrants to the boating lifestyle. With its deep-rooted history and promising future, Newport remains a beacon for those who appreciate the art of sailing and the thrill of powerboating.

Editorial note: This article was created by A Bit Lavish Miami’s Magazine as an original editorial reinterpretation based on publicly available reporting. Original source: yachtingmagazine.com. Read the original article here: https://www.yachtingmagazine.com/cruising-and-chartering/newport-grand-banks-marina/.
Images are used for editorial reference with source credit. If an image requires correction or removal, please contact A Bit Lavish.