HNSA Crest with photos of visitors at the ships.

DRYDOCKING COSTS

Strafford Morss, Preservation Engineer
2002

HISTORIC SHIP RESTORATION COSTS
ADJUSTED FOR INFLATION TO 06/02

(IN MILLIONS)

SHIP PROJECT
YEAR
COST ADJUSTED
COST
ELISSA 1985 4.5 7.356413
WAVERTREE 1985 13.5 22.06924
PAMPANITO 1985 0.18 0.294257
PAMPANITO 1997 0.3 0.328785
JP KENNEDY 1987 1.465 2.268429
MASSACHUSETTS 1986 0.87 1.396286
TEXAS 1990 18.5-20.5 24.89786-27.58952
TORSK 1996 0.5 0.560548
LIONFISH 1999 0.9 0.95024
MASSACHUSETTS 1999 8.5 8.97449
SALEM 2000 2 2.031178

NOTE:
Inflation rates used are national averages.
Inflation varies significantly by region in the Nation Currently the Northeast exceeds the National Average by about 10%
The West exceeds the National average by about 5%
The Mid-West is slightly above the National average
The South is about at the National average

ADDITIONAL NOTES

TEXAS. These estimates are my personal estimates, significantly higher than given by TPWD, and include estimated costs of donated services ($3 million plus) and close to actual costs of several make-ready projects that were significantly under-bid, and paid as bid.

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