Photo/Connecticut Community Boating The organization trying to buy the schooner Mystic for use as an educational vessel for at-risk urban children announced Monday [May 6] that it will not be able to raise the $100,000 needed to qualify for $400,000 in state funding by today’s deadline.

The $500,000 would have been used as a downpayment on the purchase of the $1.8 million vessel this month. The plan was that the rest of the cost would have been paid off over the next 5 years, using income from trips made by the ship.

But Chris German, the founder and CEO of Connecticut Community Boating, said the effort to raise the money will continue.

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For the Save the Mystic page CLICK HERE.

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