Man finds it difficult to sell 300-foot NYC ferry

[April 04, 2011]  NEW YORK (AP) -- A man who bought a used 300-foot Staten Island Ferry to convert it into a waterborne dorm for New York college students is drowning in a bad case of buyer's remorse.

Former marina owner Jacques Guillet bought the orange ferry for $162,000 at a closed-bid auction three years ago.

But he's failed to find an affordable parking spot along the area's waterfront for the 3,500-passenger boat, named the Gov. Herbert H. Lehman. The city wanted to charge him $1,000 a day.

Now he's paying $6,000 a month to dock it in Staten Island.

He tells The Wall Street Journal in Saturday editions that he's trying to sell the ferry. Any buyer would need to deal with complicated logistics, including the boat's size.

There were no bids when he advertised it on eBay.

___

Information from: The Wall Street Journal, http://www.wsj.com/

[Associated Press]

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.