Decision For Purchase Of Armory Building By The National Sailing Hall Of Fame Would Go By January

By January end, various officials from National Sailing Hall of Fame (NSHOF) and the Newport city are hoping to get the things final for the sale of municipal Armory present on lower Thames Street to the Hall of Fame. The closing of sale deal is taking longer than expected time, according to some.

On August, the City Council approved an agreement of purchase-and-sales for selling the main as well as second floors of building to Sailing Hall of Fame and it for $1.685 million. According to the agreement, until Nov. 8 the Hall of Fame had 90 days to undertake all the things related to buying the property which included liabilities reviewing like possible mould, asbestos and other items. On October 17, the board of directors of Sailing Hall of Fame has given the vote and it was 17-9 regarding the relocation of the hall from Captain Burtis House, which is a historic building in Annapolis, Maryland, to the historic Armory building in Newport, which is again a historic building. At the time, the executive director of Hall of Fame and also a renowned sailor Gary Jobson thought that closing of whole deal would get over by November.
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