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The ship, when acquired by the Rhode Island trust for $325,000, was a 138 feet (42 m) steel hull, built by an organization in Ontario. It had cost $750,000 to build the bare hull. However the Canadian group was eroded by negative press before the ship could be completed. The Rhode Islanders were approached and offered the uncompleted vessel.
The boat proved to be a hit, and the cousins had deposits for 17 orders by the end of the show. To raise the capital to acquire facilities to meet the demand, the cousins made Pearson Yachts public in April 1959. Upon returning to Rhode Island, the cousins purchased the old Herreshoff Yard as an additional production site.
The 237 largest lakes and ponds make up 91% of all inland freshwater area in the state. Most lakes in Rhode Island are manmade, only 25% are natural, five of these are greater than 100 acres (40 ha) in area. [1] There are an additional nine large saltwater coastal lagoons along the south coast of Rhode Island.
The Herreshoff Marine Museumis a maritime museum in Bristol, Rhode Island dedicated to the history of the Herreshoff Manufacturing Company, yachting, and America's Cup.The Herreshoff Manufacturing Company (1878–1945) was most notable for producing sailing yachts, including eight America's Cup defenders, and steam-powered vessels.
IYRS School of Technology & Trades (known as IYRS, from its previous name of the International Yacht Restoration School) is a private nonprofit school with a 3-acre campus on Thames Street in Newport, Rhode Island. IYRS focuses on training highly skilled craftspeople and technicians for careers in a wide range of industries.
The Newport Bermuda Race, commonly known as the Bermuda Race, is a biennial, 635 nautical miles (1175 km) sailing yacht race from Newport, Rhode Island to the British island of Bermuda. The Race is the oldest regularly scheduled ocean race in the world, and one of two regularly scheduled races "held almost entirely out of sight of land."
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