Tall Ships Groups Prepare To Battle Over Money
Posted August 31, 2006
BEAUFORT, N.C. — Nearly two months after the Tall Ship Celebration in Beaufort, money troubles and threats of legal action are setting in.
The national parent of the tall ship events, America's Sail, on Thursday threatened to sue Pepsi America's Sail, the local host of the July 4th weekend event, because the organization hasn't yet paid 20 percent of the gross ticket sales due under the contract.
The money was due July 6.
Pepsi America's Sail, which is run by the Friends of the Maritime Museum in Beaufort, is still trying to sort out its costs, partly because of ticket refunds, so a complete accounting of the gross sales isn't complete, a spokeswoman for the group told WRAL.
Hundreds of spectators complained that they couldn't negotiate the crowds to tour the ships, and many were turned away because of lengthy lines.