Dueling investors are sparring over the purchase of the historic Delta Queen.
Cornel Martin, who is at the helm of a group effort to purchase the riverboat, said today he learned another group out of Sacramento, Calif., has come to the table.
Both sets of investors have been wooing Xanterra Parks & Resorts, the Colorado-based company which owns the vessel, Martin said.
Xanterra Parks & Resorts did not immediately return an email today asking the identity of the California group.
If Martin can raise enough investor support to buy the riverboat, he intends to refurbish it and allow it to resume navigating the nation’s inland waterways as a hotel.
Currently the Delta Queen is docked on the northern shore of the Tennessee River in downtown Chattanooga and is being used as a hotel.
Louie Brogdon began reporting with the Chattanooga Times Free Press in February 2013. Before he came to the Scenic City, Louie lived on St. Simons Island, Ga. and covered crime, courts, environment and government at the Brunswick News, a 17,000-circulation daily on the Georgia coast. While there, he was awarded for investigative reporting on police discipline and other law enforcement issues by the Georgia Press Association. For the Times Free Press, Louie covers Hamilton County ...