Cruise Ship Offers Permanent Residences
STEVE INSKEEP, host:
And today's last word in business is high-end houseboat. If youve ever dreamed of escaping and living out your life on a permanent cruise, you might contact a company in Beverly Hills, California, which has plans to build a billion-dollar cruise ship, and sell half the cabins as permanent homes.
DEBORAH AMOS, host:
Today, the Los Angeles Times reports that floating condos aboard the Utopia will range from $3.7 million to $26 million. A couple of years ago it might've been easy to get a loan to buy one of these cruising condos. Today it could be harder.
INSKEEP: Several years ago, another company also planned to build a luxury residential cruise ship, but only a third of the units sold. And no pun intended, the global economy began to sink - took on some water, the plan's founder wrecked on the shoals of the tough economy.
And that's the business news on MORNING EDITION from NPR News. I'm Steve Inskeep.
AMOS: And I'm Deborah Amos.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.