When the company called the Governors Island Corporation made a deal to buy a shuttle boat for half a million dollars they thought they could not have got any better offer with the product in question. However, Martha’s Vineyard, which could be the name of the boat, however, it is the company from which the shuttle is from, is in need of repair.
The only problem is that in order to cover the costs of these repairs the company needs millions of dollars. Selling the ferry to somebody else would be unwise as the price of steel decreased greatly as a result of the recession. What should they do then? Well, according to director Jon Meyers the repair is definitely out of the question as altogether fixing the hull and the main deck would cost them at least 6 million dollars.
So they have come up with a solution which is selling the ferry on eBay. The minimum bid for the boat was 10 dollars, and now the highest bid eBay users made was 23,112 dollars, according to the information gathered last weekend. So far 55 people have shown their interests in the ship – i.e. 55 users have been willing to increase the bid. Martha’s description says: “You must take entire vessel and all its belongings.” As the director of Governors Island Corporation claimed: “At this point, we're being prudent with public resources in not making further investment with this vessel.”
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