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Post by ferryfast admin on Jun 6, 2011 13:08:09 GMT -5
Cakewalk, The Super-Yacht Built By Bridgeport Shipyard, Is For Sale
June 02, 2011|
By JANICE PODSADA, jpodsada@courant.com, The Hartford Courant articles.courant.com/2011-06-02/business/hc-cakewalk-yacht-for-sale-20110602_1_previous-two-yachts-spiral-central-staircase-tim-heywood
* Cakewalk is the longest yacht built in the U.S. since a Maine Shipyard delivered the Corsair IV, a 343-foot vessel to J. P. Morgan Jr. in 1930.
Feeling landlocked, but don't like leaving the palace?
The Cakewalk V, a posher-than-posh 281-foot super yacht built by Derecktor Shipyards in Bridgeport that took to the water for the first time last October, is for sale.
One owner, low miles. And the price tag? $215 million.
Believed to be the most spacious yacht ever built in the U.S., the vessel is jointly listed for sale by Fort Lauderdale-based Merle Wood & Associates and London-based Burgess Yachts.
But the "For Sale" sign is curious, given that Charles Gallagher, a Denver private equity investor, took possession of the vessel just last fall – after four years of monitoring the yacht's construction, and visiting the Bridgeport shipyard "many times," the Courant reported last September.
It's not clear why Gallagher put the yacht up for sale, but a quick profit apparently isn't the reason. Although court documents in a Derecktor bankruptcy filing suggested that the ship cost $82 million, a woman in Gallagher's office said Wednesday that the actual cost was more than $200 million.
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