Transfer Of Bluenose II Assets Complete

It's a peaceful conclusion to a strange saga involving the assets of Bluenose II. Premier Darrell Dexter announced this morning, the transfer of the Bluenose Trust assets is complete after several years of wrangling. The province and trust society have been working to finalize the deal since 2005. The assets include more than $540,000 in cash, title to a property in downtown Lunenburg and intellectual property rights held by the trust. The Lunenburg property was home to a store previously operated by the trust and details about its future haven't revealed. Bluenose II is undergoing a $16 million dollar restoration on the Lunenburg waterfront and is expected to return to sailing in the summer of 2013.