The Queen Mary could collapse into the lagoon without repairs

Los Angeles /
Mar.March 14, 2017 09:30 AM

UPDATED, 2:40 p.m., March 14: Better strap on those life vests: The Queen Mary, the vessel in Long Beach that houses a hotel, shops, and restaurants, could collapse into the lagoon where it’s docked if its disrepair isn’t addressed soon.

A recent marine survey found a host of structural issues with the ship, such a corroded hull that could result in flooding in the engine room and few watertight doors to mitigate the risk, the Long Beach Press Telegram reported.

The necessary repairs would cost between $235 million to $289 million over five years.

Long Beach officials are already discussing the findings of the report with the Queen Mary’s leaseholder, Urban Commons, but the city approved only $23 million for the ship’s more dire repairs last November. Urban Commons is in the process of acquiring more funding.

Meanwhile, the desperate condition of the ship has garnered the attention of politicians in Scotland,where the ship originated. They’ve called for an international fundraising campaign to save the ship and have even called on U.K. Prime Minister Theresa May to urge the U.S. government to step up, according to one Scottish newspaper.

Urban Commons, a native L.A.-based investment firm, pledged $15 million last year to redevelop the ship’s 346 staterooms and nine suites. Plans for developing the land around the ship are also under discussion, according to the Telegram. [LBPT]Cathaleen Chen

Correction: An earlier version of this story mistakenly stated the ship is 200 years old. It’s about 83.


Related Articles

arrow_forward_ios
Gov. Gavin Newsom with Doug Ose and John Cox (Getty, Twitter)
Real estate execs among challengers in Newsom recall
Real estate execs among challengers in Newsom recall
2575 E El Presidio Street and Thor Equities Chairman Joe Sitt
Thor Equities pushes into LA industrial market
Thor Equities pushes into LA industrial market
Rendering of the new Pasadena office and existing building inset. (JLL, 101 South Marengo)
Let there be light: Atlas Capital will overhaul windowless Pasadena office block
Let there be light: Atlas Capital will overhaul windowless Pasadena office block
Waterford’s John Drachman and Oceanaire at 150 W. Ocean Boulevard in Long Beach (Photos via Waterford and Oceanaire)
Waterford will convert 200-unit luxury rental complex to workforce housing
Waterford will convert 200-unit luxury rental complex to workforce housing
City Place Long Beach with Waterford’s John Drachman, Monument’s Benjamin Poirier and Turnbridge’s Michael Gazzano (RPALA Group, Linkedin)
Ownership trio takes over beleaguered shopping center in Long Beach
Ownership trio takes over beleaguered shopping center in Long Beach
Sheraton Pasadena and the Queen Mary (iStock)
Embattled REIT seeks to auction SoCal hotels, Queen Mary lease
Embattled REIT seeks to auction SoCal hotels, Queen Mary lease
Rendering of the RiverPark development (City of Long Beach)
Housing community proposed on former oil well water treatment site
Housing community proposed on former oil well water treatment site
PPIH President & CEO Naoki Yoshida and TPG Capital Partner Paul Hackwell (Linkedin, Getty)
TPG Capital selling SoCal-based Gelson’s Markets
TPG Capital selling SoCal-based Gelson’s Markets
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...