- Associated Press - Monday, June 15, 2015

NORFOLK, Va. (AP) - After years of financial struggle, the Schooner Virginia, a modern replica, is officially for sale at an asking price of $1.8 million.

The Virginian-Pilot reports (https://bit.ly/1JP3vC6 ) a yacht brokerage firm is looking to sell the 126-foot wooden ship, which was built and launched in Norfolk in 2004.

Tom Ackiss, president of the Virginia Maritime Heritage Foundation, which owns the boat, says maintaining the vessel took most of the group’s money.

Ackiss says the foundation is trying to cover about $1 million in debt.

The ship is a replica of the last pilot vessel to sail the Chesapeake Bay in the 1920s.

The vessel was built and initially operated with about $5 million in state and federal money. It costs about $1 million a year to keep the ship going.

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Information from: The Virginian-Pilot, https://pilotonline.com


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