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
Robert Mucciarone, owner of Mucciarone Painting and Property Maintenance, was working on reinstalling the shade sails for the season Wednesday under the cover of the amphitheater.
A plan to approve $10 million in bonding to pay for repairs to the town’s three sewer plants and pumping stations moved ahead Wednesday, as town and sewer officials agreed the project is badly needed.
Argia Cruises has received clearance to resume day sails on June 26, with strict guidelines for numbers and spacing of passengers due to the coronavirus pandemic.
Fred Driscoll, the same teacher who was previously placed on leave for 10 months during investigations into allegations by students of cultural insensitivity, resigned on Wednesday.