Rheault Bay Marina

Some changes are coming to the Rheault Bay Marina on McKenzie Portage Road. The new owners are led by seasonal resident Martin Weinberg of Winnipeg, and they're getting out of the RV park.

Management of the marina will also be handled by Duncan Carmichael of Lake of the Woods Marina. Rheault Bay was previously owned by the Peterson family. There are 106 slips available, and renters are encouraged to contact Carmichael, in order to make arrangements for the new season.

Weinberg was previously founder, president and CEO of Assante Corp. and Loring Ward International. Until its sale in 2003, Assante was a TSX-listed wealth management company with a network of operations extending across Canada and the United States.

A start-up company in 1995, Assante was sold for approximately $1 billion eight years later. Upon the sale of Assante, its U.S. operations were spun off into a new company, Loring Ward, where Mr.Weinberg served as Chairman and CEO.