The SS United States Conservancy and its landlord, Penn Warehousing, have reached an agreement that resolves a longstanding rent dispute, paving the way for the historic ocean liner to be transformed into the world’s largest artificial reef in Okaloosa County, Florida.
The conservancy had faced a federal judge’s deadline to present a plan for moving the ship, which still holds the transatlantic speed record from over 70 years ago. After a legal battle, the conservancy filed a lawsuit against Penn Warehousing, accusing them of hindering efforts to sell the vessel, leading to the protracted negotiations.
Earlier this month, the conservancy reached a tentative agreement with Okaloosa County, contingent upon settling the rent dispute through court mediation.
The resolution of this dispute was announced recently, allowing the conservancy and county officials to gather for a small title transfer ceremony at the Philadelphia pier where the SS United States is currently docked. However, the final approval from a federal judge is still required to complete the deal with Okaloosa County.
Plans for the ship include sinking it to create a new artificial reef that would enhance the county’s existing underwater attractions. This project aims to boost local tourism significantly, potentially generating millions in revenue for scuba shops, charter fishing boats, and hotels.
The conservancy’s board member, Thomas Watkins, expressed a heartfelt farewell to the ship, emphasizing that it would be honored and cherished in its new role rather than neglected.
The financial aspects of the deal are substantial, with the cost to acquire the ship expected to exceed $10 million. The process of cleaning, transporting, and ultimately sinking the SS United States is anticipated to take at least 1.5 years. This significant investment reflects the community’s commitment to preserving the vessel’s legacy while also enhancing the local economy through tourism.
The rent dispute originated in August 2021 when Penn Warehousing attempted to double the dockage fee for the SS United States, which the conservancy rejected. Following a series of legal proceedings, a judge ruled that the conservancy’s refusal to pay the increased rate did not constitute a breach of contract, but also recognized that the berthing agreement could be terminated with reasonable notice.
The SS United States, launched in 1952, was celebrated for its engineering prowess and military capabilities, setting the transatlantic speed record on its maiden voyage, a record that still stands today.