Speaking of large yachtsJan 1, 2003
SPEAKING OF LARGE YACHTS, it appears as though President Clinton is not, repeat not, spending $65 million for the refurbishment of a presidential yacht in Italy.
The former presidential yacht, Williamsburg, famous for its service to Harry Truman, has indeed arrived in Italy for a multi-year restoration project, but it is all being financed by European investors and private owners. The 244-foot vessel is expected to be returned to service eventually in the luxury charter business. President Clinton, despite frequent news reports to the contrary, seems to have nothing to do with it, although he likely wouldn't object to a luxury charter or two during his second term in office.