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The original boat was a paddle wheeler; the corporation leased the Spirit of Peoria while its East Peoria facilities were being readied for operations. [4] [8] The current vessel was placed in June 1994. [4] Originally established with local investors, [6] it was later sold to Boyd Gaming on April 29, 1996, for $163 million in cash. [9]
The boats were likely built between 1865 and 1885 and were abandoned at the site between 1895 and 1915, after which they gradually sank. All of the boats were flat-bottomed with a rounded bow and stern. The hulls of the boats are in good condition and provide insight into construction methods used in canal boats of the period.
Due to losing money, the boat was put up for sale and seemed headed for a new destination in Louisville, Kentucky. [3] Lowell "Bud" Grieves purchased the boat with a 25-year lease to keep it in the Peoria area. [3] When Grieves was elected mayor in 1997, he sold his interest in the boat to his son, Alex Grieves. [3] [6]
It was too little and too late. The Thompson creditors in 1966 forced the sale of the company and Saul Padek got control of all the stock for less than $4,000 cash layout. The Thompson family was out of the boat business at Peshtigo. Under Padek's ownership Thompson Bros. Boat Mfg. Co. declared chapter 11 bankruptcy in September 1966. Padek ...
In May 2019, Brunswick announced the sale of Brunswick Billiards, Life Fitness, Cybex, Hammer Strength, Indoor Cycling Group, and SCIFIT for $490 million to KPS Capital Partners. [22] The sale was completed in June 2019. In May 2019, Brunswick announced it would be purchasing the largest marine franchisor in the United States, Freedom Boat Club ...
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