"New Jersey and Delaware acquired the Tamaroa for $300,000, much of it raised through non-profit groups like the Ann E. Clark Foundation, which gave $90,000."
http://www.northjersey.com/news/ship-that-saved-7-during-perfect-storm-to-be-sunk-off-n-j-1.1681610
A ship of this tonnage and age is too much for one State's Reef Program to handle. Hence the joint site equally distant from three State's borders. Although Maryland has yet to participate financially. The reef site is deep enough to handle large ships and the Ann E. Clark Foundation is gracious enough to donate funds, as they did for NJ's portion of the USS Arthur W. Radford's placement.
NJ's Reef Program is still in jeopardy. Our Sport Fish Restoration Program funding has yet to be fully restored. If the Mid Atlantic Fisheries Management Council does not receive enough comments or testimony in favor of granting NJ's request for Special Management Zone status for our reefs in Federal waters, they may not vote in favor of the request. Even if they do it must still go to the National Fisheries Management Service for a similar process before becoming finalized as a Federal Regulation. Nearly a decade's worth of effort by recreational fishermen and divers has gone into this endeavor. A few minutes of everyone's time to send an email to the MAFMC and NMFS (if it goes well at one of the next MAFMC's meetings), in favor of the request, will go a long way to make this finally come to an end and protect our Reef Program into the future.
Here is where the hearings' locations' dates and times, as well as write in information can be found:
http://www.mafmc.org/newsfeed/2016/mid-atlantic-council-to-hold-hearings-on-new-jersey-special-management-zones
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