Tomorrow is May 7th, the deadline we have set to raise the requisite $500,000 as a down payment for the Mystic. While it seems clear our Gofundme Campaign will fall short, it is also clear we are within inches of reaching our goal to create a school ship for Long Island Sound.
The $400,000 loan and grant package will be decided to tomorrow by the DECD. Since we are not at the full $100,000 in matching funds raised, they will likely postpone there approval of the package pending evidence that $100,000 is in hand.
The $50,000 pledged from an undisclosed donor is predicate upon the closing on the Mystic which could only happen if we get the $400,000 loan/grant which is predicate upon the full $100,000 in private funding.
Do you prefer chicken or eggs?
In any case, whether we reach our goals this week or not a few simple facts remain.
1) The Mystic is still up for sale and has yet to close. While there is significant interest from other buyers, we have not been made aware of any offers as of yet on the Mystic and since she is closest to home and the most beautiful of vessels, we will continue to endeavor to persevere.
2) IF the Mystic is snapped up by another buyer this week or soon thereafter, we are not abandoning the concept of creating a school ship. There are several other vessels internationally that could serve the same function and while those would require transport to Long Island Sound and other assorted costs, the sticker price for the other vessels could justify those incurred costs. We will wait to discuss any other prospective vessels until we may fully understand where the Mystic, (our first choice) will call home.
3) Gofundme is a novel concept, but clearly has its draw backs. If you would like to make your pledge into a reality, Gofundme will not charge your card. To make your contribution you may go to www.ctcommunityboating.org
and donate safely, securely and for the benefit of all residents regardless of income, residency or social standing.
Capt. Chris German