Plan to Buy Schooner for At-Risk Kids on Hold
May 10, 2013
TheDay.com: 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.
For the Save the Mystic page CLICK HERE.
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