The 102-year-old tall ship Argus will be made seaworthy again, but once it's ship-shape, the vessel will need a new home.
The Newport Sea Base, where the ship has docked since about 1972, signed a deal Thursday to sell Argus for $1 to the newly formed Argus Foundation. The foundation will work to raise the $1.5 million or more needed to repair the wood-hulled ship.
Over the years, hundreds of Boy Scouts have learned to sail on Argus, a 92-foot topsail ketch that was built in 1905 in Denmark as a work boat. Argus has been out of commission since early 2006, when a U.S. Coast Guard inspection showed it needed extensive and costly repairs because of wood rot and iron sickness that cause the ship to leak.