February 18, 2007

Heavy debt sinks Queen Mary

This small news itemn appeared in the Hamilton Spectator:

The operator of the Queen Mary, the historic ocean liner that is now a tourist attraction, has filed for bankruptcy, blaming Long Beach officials for failed negotiations that sought to resolve the city's demands for $3.4 million US in back rent.

The ship, launched in 1934, was brought to a permanent home in Long Beach's harbour 37 years ago. The operation has struggled to turn a profit, and proposals for developments around the ship, including apartments and a Disney amusement park, never took place.


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