Captain John's sold for $33,501
Buyer says he's open to working with anyone who wants to restore it to its former glory.
A Toronto businessman has bought Captain John’s restaurant for $33,501 on condition he have the ship moved out of its prime slip at the foot of Yonge St. by Aug. 22.
Entrepreneur James Sbrolla says he has no firm plans for the derelict ship yet, and says he’s open to partnering with anyone willing to try to restore it to its former glory as a floating restaurant.
There were two bids for the ship before federal court Thursday, one asking the Toronto Port Authority, in essence, for $303,756 to cover the cost of towing it away to a ship recycling centre. A third bid became a source of much hand-wringing because it was filed four minutes after the 9 a.m. Thursday deadline for bids.
In the end, Madame Justice Glennys McVeigh ordered that the bid be opened despite a last-minute scrawl on the back of the envelope that said the offer was conditional on the ship staying in the Toronto Harbour. That bid, for $150,000, was rejected by the court because it violated a key condition of an earlier court order that the ship be removed by Aug. 22.
From Star.
I assume this is the same guy - note his former company was called Optimistic Enterprises!
James Sbrolla, Chairman EBC
contact
Prior to forming EBC, James was owner/operator of Optimistic Enterprises, a "boutique" management consulting firm, serving clients in the environmental and financial services sectors.