Tacoma’s oldest shipyard, the 90-year-old J.M. Martinac Shipbuilding Co. to be sold on courthouse steps Friday morning
Joe Martinac Jr., the shipyard’s president, and the last of a long line of family shipyard managers, said eleventh hour efforts to find new business for the shipyard failed to produce new contracts that would stave off the shipyard’s auction. “There were boats to be built out there, but we just couldn’t put those deals together with this hammer over our heads,” he said. Read more here 21:28
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