Blount's Cruise Ship Gift is Completed

Wednesday, November 15, 2006
Late shipbuilder and philanthropist Luther Blount offered to donate a cruise ship from his American Canadian Caribbean Line to benefit Roger Williams University, Rhode Island College and Boston’s Wentworth Institute of Technology. Now that the 175-foot M/V Niagara Price has completed its last cruise, its ownership has officially been transferred. On Nov. 1, the three universities took possession of the Niagara Prince, valued at $6.5 million, which will remain docked at Promet Marine Services in Providence until it is sold. The colleges are to split the proceeds; broker Marcon International of Coupeville, Wash., is working to sell the ship on their behalf. Source: Providence Business Journal

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