Welcome

Thank you for visiting paducahsun.com, the online home of The Paducah Sun.

Calendar
June 2012
S M T W T F S
27 28 29 30 31 01 02

Click here to submit an event.

Retired Illinois casino boat fetches $600,000 at auction

Associated Press

WOOD RIVER, Ill. - The former riverboat that once served as the Casino Queen along East St. Louis' Mississippi River banks is under new ownership after being sold at auction for $600,000.

A federal marshal who led the auction Friday took 14 bids from three people who vied for the White Star One before the vessel was bought by a Florida man who is a former shipyard owner and has riverfront properties in Kentucky.

The auction lasted just five minutes and opened with a $200,000 bid.

Gerald Smallwood, who represented the Florida buyer, said it was not immediately clear what plans that man has for the barge, which has languished since the Casino Queen operation moved inland a few years ago.

Steve Parbs, who as one of the bidders owns the Industrial Trading Group of St. Louis, said after the auction he had planned to scrap the boat - something he had done previously with another one-time St. Louis riverfront gambling icon, the Admiral.

Parbs, whose company specializes in industrial demolition and the salvage of barges and ships, estimated that White Star One could be worth $1 million dismantled. The vessel last year was appraised at roughly $1.5 million.

Comments made about this article - 0 Total

Comment on this article

Your comment has been submitted for approval
captcha 8c022fc1f68f41049bc66027b80cc9e1
Top Classifieds
  • Toy Schnauzer Parti Pup, $1200270-252 ... Details
  • Great Pyrenees Puppies, $150 ea., cal ... Details
  • Happy Jack Flea Powder: pour on fire ... Details
  • HAVANESE PUPS AKC Home Raised, Best H ... Details
  • Golden doodle Pups 5.5wks old CKC, Sh ... Details
  • Tiny Imperial Shih-Tzu Pup, $500270-2 ... Details
  • 60 acres Farm in Reidland 270-554-150 ... Details
  • 2010 Clayton 16x80 LIKE NEW! 270-489- ... Details
  • FAIRHURST BUILDING Professional ... Details
  • SEEING is believing! Don't b ... Details
  • 2010 K Z Spree Travel Trailer, exc. c ... Details

Most Popular
  1. People and Business
  2. Manage mosquitoes while enjoying the great outdoors
  3. Paducah Jobs
  1. Ham radio operators focus on community with field day
  2. Paducah area has commonwealth's biggest income gap
  3. SENSIBLE Bevin's Medicaid proposal a fair and rational approach
  1. People and Business
  2. Manage mosquitoes while enjoying the great outdoors
  3. Paducah Jobs
Discussion

Check out these recently discussed stories and voice your opinion...