Maine-based Ocean Classroom Foundation, which operated Amistad, to close
Portland, Maine — The Ocean Classroom Foundation, a nonprofit based in Maine that has run educational programs for students aboard schooners for almost 20 years, will stop operating at the end of this summer, according to executive director Greg Belanger.
The reason, according to Belanger, is that two of the three ships that the foundation owns are in such serious need of repair that they cannot host students and the third requires more expensive repairs than anticipated this year.
Without the revenue that the two out-of-commission ships would bring in, the organization will not be able to run programs beyond this summer, he said.
“The only viable solution was to work in this direction and eventually to close,” Belanger said. “We’ve been working for several months cooperatively with the bank to come up with a viable solution. It just proved unsustainable to fix these boats and pay the mortgage.”
Ocean Classroom Foundation took out a $2.2 million mortgage from Camden National Bank in 2010, Belanger said. The foundation made regular payments until three to five months ago. Belanger did not say how much was still owed to the bank.
To read complete article, click here.
Stories that may interest you
Heavy equipment operators with Cherenzia Excavation have been using a Caterpillar D8N bulldozer to build a pile of fill gravel on the construction site along Howard Street.
Residents of Fairfield, Tolland and Windham counties also urged to wear masks indoors regardless of their vaccination status.
Portia Bordelon, a Democratic Town Councilor, announced that she is pursuing a primary campaign for reelection to Town Council.
News: Denise Merrill reflects on her tenure as secretary of the state and her efforts to make it easier to cast a ballot in Connecticut. Daybreak: Last year, Christopher Faison was back living in his hometown of Norwich, after several years of performing on Broadway and in national tours.