We have one boat – Xian – which is now at the Point Roberts Marina, south of Tsawwassen.  Membership consists of share purchase of $1000, annual dues of $1000, a maintenance work deposit of $250 which carries forward as long as you perform ten hours or maintenance work each year, and a $50 initiation fee.  The shares are sold back to the association if you decide to leave (one year’s notice required) or can be sold to a new member.  So really, if you join up and do ten hours of work each year your yearly cost is currently $1000.   One week from Sunday to Saturday in our high season from June 1 to September 30 is allowed, with other cruises available in the off season.

Sailboats are expensive. Cooperative ownership offers a sensible, affordable alternative. Waterline offers it’s members one seven-day cruise in the busy summer season as well as day trips and other cruising opportunities throughout the year.

Many boat owners spend all their spare time and/or money maintaining their investment; co-op members contribute 10 hours per year or pay $250 per year in lieu of maintenance.

It’s a pretty good deal.