Judge says Lake Erie shipwreck belongs to state
Updated: 2011-03-31 18:23:00
From Online.wsj.com
A 19th century schooner that lies at the bottom of Lake Erie belongs to New York state, not the salvagers who found it and want to raise and preserve it as a tourist attraction, a federal judge ruled.The Abandoned Shipwrecks Act of 1987 gives ownership of vessels embedded in submerged state property to the state, U.S. District Judge Richard Arcara wrote in a decision that could derail the ambitious preservation plans.Massachusetts-based Northeast Research LLC, which claimed...