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7:27 am
Wed October 20, 2010

Recession stalls progress on tall ship

PROVIDENCE, R.I. – The recession has stalled efforts to build Rhode Island's only tall ship.

When a 132 foot steel hull was purchased from Canada in 2008, members of the non profit "Tall Ship Rhode Island" hoped to turn it into a tall ship called the Oliver Hazard Perry in two years.

But the recession has hampered fundraising efforts. Bartlett Dunlap, chairman of the board of the restoration group, says they're only halfway to their fundraising goal.

"We've raised over a million dollars in the last year in this very difficult climate so we think it's going very well considering," Dunlap says. "Would we have liked to have raised three million dollars so that we had more of a complete vessel right now? Certainly. But I think we're coming out of this downturn with great momentum."

The hull looks pretty much the same as it did when it arrived in Rhode Island. The goal is to make it a teaching ship for students of all ages.

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