Storied Tacoma shipyard in foreclosure

At nearly 90 years old, one of Tacoma’s last major shipyards may be closing down for good next month. J.M. Martinac Shipbuilding Corp. faces a foreclosure auction of its Thea Foss Waterway shipyard July 18 on the County City Building entry plaza unless it finds new business or an angel investor to pay some $415,000 in payments and fees overdue on a $5.4 million loan its owners signed in December 2012. Read more here  07:33

Read more here: http://www.thenewstribune.com/2014/06/19/3252448/storied-tacoma-shipyard-in-foreclosure.html?sp=/99/296#storylink=cpy

 

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