Bluenose boondoggle: Refurbishment balloons to $18M

The schooner Bluenose II moves into the water in Lunenburg, Nova Scotia, September 29, 2012....

The schooner Bluenose II moves into the water in Lunenburg, Nova Scotia, September 29, 2012. REUTERS/Paul Darrow

Kris Sims, Atlantic Bureau

, Last Updated: 6:50 PM ET

LUNENBURG, N.S. - The replica of the famous Bluenose schooner is docked in Lunenburg, millions of dollars over building budget and not yet seaworthy.

The cost to refurbish the Bluenose II has ballooned to about $18 million from the original $12 million budget.

Nova Scotia Premier Stephen McNeil has called an inquiry to find out why the replica is costing taxpayers so much.

The original Bluenose, launched March 26, 1921, won 17 Fishermen's Trophy races and the ship earned the title Queen of the North Atlantic. The Bluenose has been on the Canadian dime since 1937.

It shipwrecked off Haiti in 1946, but Canadian patriot Col. Sidney C. Oland had the Bluenose II built in 1963. The Oland family sold the replica to the Province of Nova Scotia for $1 in 1971.

The province used it for tourism, but in 2009 the government deemed it couldn't be salvaged and fed the hull of the Bluenose II into a wood chipper.

The Canadian Taxpayers Federation (CTF) says the d

 

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