Following the decision to enter into bankruptcy this past October, American Classic Voyages has agreed to sell two of steamboats - Delta Queen and Mississippi to Chicago-based investment firm Waveland Investments LLC for $3.75 million. The company, which is privately-held, plans to take over the boats, effective next month.
Mississippi Queen, which ceased operations in October, will resume its itinerary on May 7, while Delta Queen
, which halted its schedule in January will begin sailing again on August 26.
While the sale of the vessels was confirmed this past weekend, there is still a possibility that the vessels could be passed off to another buyer when they are auctioned off in Chicago on May 3 - provided that If another group outbids Waveland's offer.