Schooner Virginia for sale

Schooner Virginia for sale

Credit: The Pilot Schooner Virginia Facebook page

The Pilot Schooner Virginia

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Associated Press

Posted on July 25, 2014 at 7:17 AM

NORFOLK (AP) - The nonprofit Virginia Maritime Heritage Foundation is putting a 126-foot wooden ship up for sale.

Foundation board president Tom Ackiss says the money required to sail and maintain the schooner Virginia outpaced the amount brought in by fundraising and sailing education programs.

Executive director Will King says the foundation has about $1 million in debt - the same amount it costs to keep the ship operating.

The Virginian-Pilot reports that the ship is in Newport, Rhode Island, on its last program with students and will return to Norfolk in mid-August to be put up for sale.

The ship debuted in 2005 as a floating goodwill ambassador to attract tourism and business investment for the state. It is a replica of a 1917 pilot schooner.

More on the Schooner Virginia Facebook page

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Information from: The Virginian-Pilot, http://pilotonline.com

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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