Who says private enterprise won't work? The Frying Pan Light Light Tower has been slowly languishing 35 miles off the coast of North Carolina sinc ethe Coast Guard decided it had outlived its usefulness six years ago. Deemed to expensive to clean for artificial reef purposes, the platform rises 125 feet out of the sea and features 5,000 square feet of living space and a helipad.
The structure was put out for bid by the U.S. government in October and yesterday the bid was won by Shipwrecks Inc., based in South Carolina. They plan to use the tower as a base for SCUBA trips, education and research.
Hooray for private enterprise!
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