Cash-strapped group says it'll sell historic ship for scrap

AP News
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Posted: Oct 07, 2015 11:14 AM

PHILADELPHIA (AP) — A historic cruise ship moored in Philadelphia could be destined for the scrap heap if a group trying to save it doesn't get an infusion of cash.

The SS United States Conservancy sent a virtual SOS to supporters Wednesday, saying ongoing expenses have become unsustainable.

The nonprofit says it needs more than $60,000 per month to keep the rehabilitation project afloat. It's retained a broker to explore selling the ship to a metals recycler.

The SS United States was once the world's fastest ocean liner. It launched in 1952 after a secret Cold War project to build the world's fastest ship.

It still holds the trans-Atlantic speed record.

The conservancy has planned to repurpose the SS United States as a museum and mixed-use destination.