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May 1, 2006

Sealing the deal for cruise ship donation

Photo courtesy of American Canadian Caribbean Line, Inc.

The Niagara Prince, shown here leaving Chicago, will spend much of the summer cruising in the Great Lakes.

WARREN -- Three university presidents and Warren shipbuilder Luther Blount expect to ink a deal today that will grant a cruise ship with an estimated value of $6.5 million to the area schools.

The presidents of Rhode Island College, Roger Williams University and Wentworth Institute of Technology will meet at 10 a.m. aboard one of Blount’s ships at Blount Boats in Warren.

The schools will assume joint ownership of the ship, the 175-foot Niagara Prince, at the end of this year. When he announced the donation last month, Blount said he hoped the schools could sell the ship for its estimated value and split the proceeds.

Posted by Kate Bramson  at 8:08 AM | Permalink

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