Committee Recommends Course for Troubled Tall Ship Amistad
April 11, 2015
TheDay.com: A committee set up by the court-appointed receiver to determine a future plan for the financially troubled schooner is recommending the operation of the ship be transferred to a new entity for the next 2 years.
The plan proposes supporting the ship and its mission with $342,000 in annual state funding and $50,000 Amistad would raise each of those years.
“Based on available data and input from maritime experts, it is reasonable to project that the new organization can be operated at a minimal but meaningful programming level during the first 2 years post-receivership for approximately $392,000 per year,” states the committee report filed in Hartford Superior Court Monday by receiver Katharine Sacks.
Read more about the committee recommendations for the Tall Ship Amistad.