Newport Gets a Grand Banks Marina at Spring Wharf

Newport gets a Grand Banks marina at Spring Wharf as Grand Banks Yachts expands from boatbuilding into marina ownership. Mark Richards, CEO of Grand Banks Yachts and a longtime ocean racer, announced the company purchased Casey’s Marina at Spring Wharf in Newport, Rhode Island. Richards positioned the move as a “next chapter” for owners in an iconic harbor tied to sailing heritage. Newport’s boating identity includes America’s Cup history, a New York Yacht Club presence, and the Sailing Museum & National Sailing Hall of Fame, along with frequent regattas and cruising events. The article frames the purchase as an unusual but logical step for a long-range cruising powerboat builder amid changing boating demand in “America’s sailing capital.”