The Delaware River & Bay Authority has sold a Cape May-Lewes Ferry that last ran in 2009 for $750,000. The agency purchased the MV Cape May in 1985 for $14.5 million and remodeled it for $20 million in 1998. DRBA spokesman Jim Salmon tells The Press of Atlantic City the vessel was appraised at $1.6 million last August.
Salmon says the sale price does not include at least $530,000 worth of equipment and parts that were salvaged to be used on the other four ferries. Salmon says that could increase to $1.65 million if the new owner doesn’t want the propeller shafts and rudders. Dennis Township-based Northstar plans to convert the ferry into an oceangoing barge.
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