Bon Voyage: Captain John's sailing to scrap yard [CTV News]

Bon Voyage: Captain John's sailing to scrap yard
http://toronto.ctvnews.ca/video?clipId=423206&playlistId=1.1972324&binId=1.815892&playlistPageNum=1

  • The Deal is Complete, the purchaser paid the full outstanding balance today (Friday).
  • They exhausted all options, and there is nothing left – it’s just scrap metal.
  • The purchaser has hired Priestly Demolition to scrap it.
  • The Ship will be towed to another Toronto water location where Priestly is already setup, to begin the first phase of demolition.
  • They can’t move the ship until the Courts approve the final deal.
  • If everything goes according to plan they expect to tow it away next week.

The ship has been there for 40 years, the ship is 300 feet. They estimate $500,000 of scrap within the ship – BUT it will be very expensive to move, demolish, and salvage that metal.

Posted Aug 23, 2014, 12:58 AM UTC

1820
PassThePoutineOPYonge and Eglinton•

I'm sad. Yes - the restaurant, the inside, and the business was done. But I loved that ship right at the foot of Yonge street, just as you emerge from the downtown and the heart of the city you are greeted by this symbol of the lake and a break from office towers. I wish someone had gutted it and restored it (10 years ago) and brought it up to date or transformed the business (cocktail lounge, lunch sandwich cafe, dance club, hipster hangout). When the tour busses stopped showing up it was time to pivot.
Maybe the attention will spark some new entrepreneurs to do it again with a new ship and bring something new and special with them and this will all be for the better. But I'm sad to see it go. Even though the restaurant was horrible the last time I was there.

5
jell0babySt. James Town•

A new ship? Fuck that. Good riddance. I like my waterfront with a side of waterfront, not a giant fucking immobile boat blocking the view.

18
PassThePoutineOPYonge and Eglinton•

When that ship leaves, it will be replaced by several other boats no matter what. There are already other ships that have docked beside and behind it that would love it's place. Plus it's one of the large slips with a parking lot - something the other 15 large party boats don't have.
I'm sure there is a lineup from boats waiting and begging for that spot. So the useless ship is being replaced by another one... I would just like to see a dinner/nightclub/restaurant style attraction that is open to the public to walk on instead of another private boat that can only be rented for large special events.

4
alpha69•

"the parking lot where the gangplank now sits is supposed to be turned into a public promenade 45 metres wide."

8
nupogodiBay Street Corridor•

No it's not. RTFA.

1
PassThePoutineOPYonge and Eglinton•

I don't understand, what did I miss?

1
Sodiepawp•

I felt it was less of an eyesore than a few of the apartments and complexes in the area. Remember my first trip to the city, and we went there.

I'm more sad about it closing down and becoming barren than the ship being scrapped, that's for sure. Had been there for so long.

3
redditnotfacebook•

'bout time.

5
orionbuster•

Good riddance to bad rubbish.

2
Slippery_Jim•

Just like with industries that pollute the ground and then leave the taxpayer with the cleanup costs this feels like the former owner did the same thing.

Why didn't the government go after everything this guy owned and then some? Take everything he owned and leave him with a bus token. So tired of hearing about businessmen that walk away leaving us with the mess.

2
chrisjayyyy•

Blood from a stone my friend.

2
[deleted]•

[deleted]

1
Born_Ruff•

My understanding was that he also owned a small apartment building.

Hopefully for his sake those were owned in separate corporations, because I would feel bad to see this guy completely ruined by all this.

1
[deleted]•

[deleted]

1
Slippery_Jim•

I would feel bad to see this guy completely ruined by all this

Why would you feel sympathy for this guy? He could have taken action a long time ago to deal with the ship so it wouldn't be the taxpayers problem.

Screw him.

1
mattattaxx•

Yeah, he willingly fucked us all. He had more than enough time to set everything straight and selfishly clung on as long as he could.

1
LumpenBourgeoise•

scrap metal... and asbestos!

1
[deleted]•

[deleted]

1
Born_Ruff•

I wonder how much money this buyer is going to lose on all this. I felt certain that he was going to back out, since it sounded like it was impossible for him to do anything with the ship that didn't involve him losing tens or hundreds of thousands of dollars.

1
alpha69•

Yay that pos has sat in my hood for much too long.

-1