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