DRBA Sells Ferry for $750K - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

DRBA Sells Ferry for $750K

Posted:

LOWER TOWNSHIP, N.J. (AP) - The Delaware River & Bay Authority has sold a Cape May-Lewes Ferry that last ran in 2009 for $750,000.

The agency purchased the MV Cape May in 1985 for $14.5 million and remodeled it for $20 million in 1998.

DRBA spokesman Jim Salmon said the vessel was appraised at $1.6 million last August.

Salmon says the sale price does not include at least $530,000 worth of equipment and parts that were salvaged to be used on the other four ferries. Salmon says that could increase to $1.65 million if the new owner doesn't want the propeller shafts and rudders.

Dennis Township-based Northstar plans to convert the ferry into an oceangoing barge.

 

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Campaign Reminds Visitors to Store Away Food on Assateague Island

    Campaign Reminds Visitors to Store Away Food on Assateague Island

    Jun 20, 2018 1:25 PM2018-06-20 17:25:00 GMT
    Wednesday, June 20 2018 6:49 PM EDT2018-06-20 22:49:01 GMT
    Assateague PoniesAssateague Ponies
    Assateague PoniesAssateague Ponies
    A campaign called "A Fed Horse is a Dead Horse" is reminding those big summer crowds to keep food out of sight on Assateague Island.More
    A campaign called "A Fed Horse is a Dead Horse" is reminding those big summer crowds to keep food out of sight on Assateague Island.More
  • Delaware Senate Approves $4.2 Billion Budget

    Delaware Senate Approves $4.2 Billion Budget

    Jun 20, 2018 6:34 PM2018-06-20 22:34:00 GMT
    Wednesday, June 20 2018 6:44 PM EDT2018-06-20 22:44:34 GMT
    DOVER, Del. (AP/WBOC) - The Delaware Senate has approved a $4.27 billion operating budget for the fiscal year starting July 1. The budget bill passed on a 19-1 vote Wednesday and now goes to the House. The bill, which represents a 4 percent increase overMore
    DOVER, Del. (AP/WBOC) - The Delaware Senate has approved a $4.27 billion operating budget for the fiscal year starting July 1. The budget bill passed on a 19-1 vote Wednesday and now goes to the House. The bill, which represents a 4 percent increase over More
  • Crisfield Wants Visitors to 'Have a Seat' and Support Arts and Entertainment District

    Crisfield Wants Visitors to 'Have a Seat' and Support Arts and Entertainment District

    Jun 20, 2018 5:51 PM2018-06-20 21:51:00 GMT
    Wednesday, June 20 2018 5:51 PM EDT2018-06-20 21:51:25 GMT
    CRISFIELD, Md.- The arts are officially coming to the city of Crisfield. The state recently awarded the city an Arts and Entertainment District which will provide various tax incentives for artists and businesses in town, it goes into effect July 1st. TheMore
    CRISFIELD, Md.- The arts are officially coming to the city of Crisfield. The state recently awarded the city an Arts and Entertainment District which will provide various tax incentives for artists and businesses in town, it goes into effect July 1st. TheMore
Powered by Frankly

All content © Copyright 2000 - 2018 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices