What is harder than clawing to windward off a lee shore? I suspect that trying to raise funds, almost from scratch, to fund a new tall ship during a major recession can make a lee shore and a foul wind look like a minor problem. Nevertheless, the folks at Oliver Hazard Perry Rhode Island are making excellent progress.
The group’s goal is to build and maintain Rhode Island’s own tall ship, a three masted replica of a 19th century warship, offering sail training programs for all ages. They have raised $2.2 million in donations and has another $1.7 million in loans already committed to the project which should take approximately $6.6 million to complete. Last week the Rhode Island Senate passed legislation that would allow the state’s Industrial Recreational Building Authority to provide loan guarantees on the project.