Barring last-minute discovery of structural or environmental damage, the National Sailing Hall of Fame is relocating to a historic armory in Newport, Rhode Island.
The hall’s board of directors voted 17-9 to Tuesday in favor of proceeding with its deal to purchase space in the Armory Building for $1.685 million. The hall’s “checklist” includes inspecting the site for mold, asbestos, structural or environmental issues, said hall president Gary Jobson.
The deadline for completing a deal with Newport is Nov. 8. Jobson said the vote total wasn’t ambiguous.
“That’s a strong statement in favor of Newport,” he said.
Jobson said the hall will spend about $4 million to buy, renovate, furnish and install exhibits in the Newport property. He estimates renovating the space will cost $1.25 million to $1.5 million. That includes installing sprinklers, new flooring and new windows. It will cost another $1 million to get the site ready to open.
It will take about a year to renovate the armory. The hall’s lease with the state in the Captain Burtis House on City Dock expires Feb. 24, 2020.
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