Nantucket

Monday, July 3, 2006
So here I am travelling to Nanucket with Preeti and Swathi .... it was a very short trip (4 hours to be precise), but it gave us the feel of the place. We took the 1 hr island tour by bus which was good, but next time, I am definitely taking a bicycle with me.
Nantucket has amazing bike trails and according to the bus driver we should be able to cover most of it in 3-4 hours. Nantucket definitely promotes bicycling (well considering the narrow roads, driving would be a nightmare anyways :), better promote bicycling than having to deal with all the traffic mess :)). They have bicycle rental shops everywhere and as I wrote before, they have amazing bicycling tracks. While we are talking about traffic, there are no traffic lights in this town. All the traffic is managed through Stop signs and rotaries. (For those friends of mine who don't know what rotaries are, they are basically like a big circle and exits that go off them to go in the direction you need to from there).
Nantucket has 80 miles of beaches, all of which are public. Unlike most of the other coastal states/ towns, private ownership of beaches is not allowed here. There are no chain stores or restaurants in Nantucket. The only chain grocery store (and the main store) is "Stop and Shop". During summer, on an average it makes about $1 million in sales.
Tourism is the main industry here and during the summer they tend to employ a lot of foreign nationals for temporary work. Nantucket is the second busiest airport in MA (especially during the summer ... well to tell you the truth, except for Boston Logan, I can't even recall any other major airport in MA, so this wasn't as surprising).
Let's get some prices in perspective :)
95% of the goods used in Nantucket are shipped in trucks on the "Steamship authority". There are 4 gas stations in the town, all of which are supplied to by Mobil. While the gas price in Worcester, MA at this time was $2.92/ gallon, it costs $3.46/ gallon here. Oh, and by the way it costs $200 each way to get your car transported from Hyannis to Nantucket.
The minimum house costs about $1.5 mil. Two cottages by the docking waterfront (they were probably like 2 bedroom houses) which went for 4 million each last year. There is one yatch club (I think) which had ony 450 memberships and membership was $300,000 a piece. Similarly, there are 2 golf clubs in the town. One of them has 250 members at $250,000 a piece and the other had 350 memberships and each time someone wants to give up their membership, it is auctioned off with the bids starting at $500,000. And finally, you can rent cottages for 8-10 grand a week. Ok, that's a lot of money talk ... NEXT please :)
One of the 30 original owners of Nantucket was Thos Macy who finally sold his Nantucket business which for some reason was failing there.

