Newspaper article St Louis Post-Dispatch (MO)

Goldenrod Showboat Remains in Limbo after Auction

Newspaper article St Louis Post-Dispatch (MO)

Goldenrod Showboat Remains in Limbo after Auction

Article excerpt

CALHOUN COUNTY * The historic Goldenrod Showboat's fate remained unclear after the vessel was bought Saturday at a court-ordered auction by the owner of the Illinois River dock where it has been stored since 2008.

Jerome Hayn of Pool 24 Tug Service, the dock owner, said before he and his partner offer the 104-year-old boat for scrap, they're willing to talk with other potential buyers who want to save it.

"We'd like to see somebody get it that would do something with it," Hayn said.

However, Hayn said he was concerned that no one at the auction entered bids other than the $69,508 offered by Pool 24.

That's the sum of the unpaid mooring fees and other costs owed Pool 24 by Historic Riverboat Preservation Association of St. Louis, a nonprofit group that has owned the boat since 2008.

So if a judge approves Saturday's sale, the debt will be erased and Pool 24 will own the boat. Pool 24 had sued the nonprofit group.

One person still interested in acquiring the Goldenrod is Robert King, a retired theater production manager and designer who traveled from his home in Whittier, Calif., for the auction.

King complained that there was no announcement in advance that only bids of $69,508 and above would be allowed at the auction.

So did Tony Monaghan, a St. Louis construction company owner, who said he had been interested in possibly turning the boat into a floating restaurant.

King wouldn't say how much he was willing to pay but said he had taken out an equity line of credit on his house to do so. …

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