Pirates will be taking over the Town of Mahone for a three day festival that will be launched this morning. The Mahone Bay Regatta replaces the Classic Boat Festival which attracted approximately 50 thousand tourists last year. The New event will feature dory races, boat displays, historical re-enactments and free family entertainment. A news conference at the Mahone Bay Civic Marina,at 10:30 this morning will officially launch the Regatta.