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Displaying items by tag: Tallship Value Sinks

#JeanieJohnston - The Irish Times reports that the replica famine tallship, Jeanie Johnston which cost €15 million to build, has sunk in value to €700,000, according to Dublin City Council.

The ship is part of €8 million in cash and assets expected to transfer to the council as previously reported on Afloat.ie once the Dublin Docklands Development Authority is abolished later this year.

The authority bought the ship in 2005 for €2.7 million from Kerry County Council and other shareholders including food company Kerry Group, Shannon Development Company and Tralee Town Council.

The ship, modelled on a 19th century emigrant ship, was commissioned in the late 1990s for £4.5 million. By the time of its completion in 2002, its cost had spiralled to almost €15.5 million, €13 million of which was State funded.

For more on this story about the tall-ship, click HERE.

Published in Tall Ships

Dublin Bay Sailing Club (DBSC) is one of Europe's biggest yacht racing clubs. It has almost sixteen hundred elected members. It presents more than 100 perpetual trophies each season some dating back to 1884. It provides weekly racing for upwards of 360 yachts, ranging from ocean-going forty footers to small dinghies for juniors.

Undaunted by austerity and encircling gloom, Dublin Bay Sailing Club (DBSC), supported by an institutional memory of one hundred and twenty-nine years of racing and having survived two world wars, a civil war and not to mention the nineteen-thirties depression, it continues to present its racing programme year after year as a cherished Dublin sporting institution.

The DBSC formula that, over the years, has worked very well for Dun Laoghaire sailors. As ever DBSC start racing at the end of April and finish at the end of September. The current commodore is Eddie Totterdell of the National Yacht Club.

The character of racing remains broadly the same in recent times, with starts and finishes at Club's two committee boats, one of them DBSC's new flagship, the Freebird. The latter will also service dinghy racing on Tuesdays and Saturdays. Having more in the way of creature comfort than the John T. Biggs, it has enabled the dinghy sub-committee to attract a regular team to manage its races, very much as happened in the case of MacLir and more recently with the Spirit of the Irish. The expectation is that this will raise the quality of dinghy race management, which, operating as it did on a class quota system, had tended to suffer from a lack of continuity.