BALTIMORE -- A tall ship in Baltimore that provided catered tours, wedding receptions and corporate outings is going on the auction block.
Clipper City owner John Kircher said in court filings last month that bankruptcy protection wasn't an option. His company, Clipper City Tall Ship, faced a heavy debt load, the ship needs repairs and the Coast Guard had decided against renewing the ship's certification.
The ship was seized by the mortgage holder, Regal Bank and Trust.
The boat is docked at the Light Street Pavilion. The auction is set to begin at 10 a.m. Monday.
more here
Clipper City owner John Kircher said in court filings last month that bankruptcy protection wasn't an option. His company, Clipper City Tall Ship, faced a heavy debt load, the ship needs repairs and the Coast Guard had decided against renewing the ship's certification.
The ship was seized by the mortgage holder, Regal Bank and Trust.
The boat is docked at the Light Street Pavilion. The auction is set to begin at 10 a.m. Monday.
more here
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