Tag Archives: J.M. Martinac Shipbuilding Corp.
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
