Tue., October 27, 2009 4:00pm (EDT)
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Rent Hike on Jekyll Island
By Orlando Montoya
Updated: 3 months ago

JEKYLL ISLAND, Ga. — Jekyll Island residents will be able to find out Wednesday how much their individual rents will go up under proposed new lease rates.

Millionaires built the Club Hotel when Jekyll Island was a preserve for the rich. It's been owned by the state since 1949. Residential rents haven't gone up since, but a proposal would change that. (photo Orlando Montoya)
Many residents have complained since June about multiple and confusing terms for new leases set to take effect next year.

About 600 residents live on the state-owned island and lease their land from the state's Jekyll Island Authority.

J.I.A. officials have scheduled drop-in workshops Wednesday for lease-holders to find out how the latest proposals would effect them.

There have been four versions of the planned rent increase since June, when officials proposed a hike to make rents more in line with inflation and coastal property values.

Current rents, averaging $334 annually, were set back in 1949 and didn't include any adjustment mechanism.

Under the current plans, the average rent would be $524 dollars next year and would double in five or ten years.

An early suggestion had annual rents possibly in the $30,000 to $70,000 dollar range.

That shocked many residents, many of whom also have mortgages on their homes.

The individualized sessions will take place from 1:00 p.m. to 3:00 p.m. at the J.I.A.'s administrative office at 100 James Road.


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