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Battleship gets DRPA loan

New Jersey
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The Delaware River Port Authority board renewed a $900,000 loan guarantee Wednesday to help keep the Battleship New Jersey moored on the Camden waterfront. The financially struggling tourist attraction faced default on the loan if DRPA did not extend the three-year guarantee, first signed in 2003. A default would have required DRPA to repay the loan to TD Bank and would have worsened the ship's financial plight. http://bit.ly/LufsJI