The City may have a buyer for the M.S. Norgoma.
At Monday’s council meeting , councillors will decided to accept an offer of just $2,500 for the vessel that was moved last year to a dock behind Algoma Steel.
The Norgoma has been operated by The St. Mary’s River Marine Heritage Centre, a volunteer board that was financed through the city for approximately $15,000 a year. Council decided two years ago it would no longer fund the operation and the board failed to come up a feasible business plan to continue to operate the ship as a “tourist attraction”
Council deemed the ship an eyesore on the waterfront and seized the ship in 2019 and moved the vessel to a temporary home .
With City Council approval, Tobermory Real Estate Investors Inc. will work to finalize and secure approval from the Municipality of Northern Bruce Peninsula to secure a berth for the M.S. Norgoma within the harbour in Tobermory, ON. The City and Tobermory Real Estate Investors Inc. are aligned in the goal to relocate the vessel as soon as possible and are aiming to complete the relocation this shipping season.
Tobermory Real Estate Investors Inc. will pay the City $2,500.00 for the vessel under the terms of the Asset Purchase agreement and will be responsible for the relocation costs of the vessel.Tobermory Real Estate Investors Inc. has offered to cover half the rent should any delays be experienced beyond this season.
This action is recommended by city staff.