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Old 08-24-2004, 12:35 AM   #21
JG1222
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Default Talk About Depreciation When You Drive Her Off the Lot!!!

Quote:
Originally Posted by Rattlesnake Gal
1888 - The Chateaugay is the first iron-hulled steamboat on Lake Champlain. It is 205 feet long, has 1,000 horsepower, and travels 20 mph. Cost: $101,000.
Captain Lavallee bought her for $20K only to cut her into pieces, ship her by train, and put her back together for an additional $125K. Adjusting for inflation, this would be the equivolent of $263,000 to buy her and $1.6 million to renovate her!
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