By Mike DeNardo

By Mike DeNardo

PHILADELPHIA (CBS) – The group working to save the ocean liner — the S.S. United States — says without a buyer or development plan by the end of the month, it will have no choice but to sell the ship for scrap.

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The S.S. United States Conservancy says it costs $60,000 a month to maintain the rusting hulk docked along Columbus Boulevard across from Ikea in South Philadelphia. Conservancy spokesman Tom Basile says the cash is running out:

“The financial burden of having to pay the $60,000 has just become unsustainable for the conservancy.”

 

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The board, in a statement, says without a buyer or an infusion of cash by October 31, it will have no option but to sell the onetime world’s fastest ocean liner to a recycling firm.

Basile says talks continue to relocate the United States to one of two possible New York locations:

“Despite the progress on redevelopment negotiation, the timing of that additional financial support from our partners just may come too late.”

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The Conservancy has scheduled an October 29th fundraiser at the Union League, in a last-ditch effort to keep its dream afloat.