Curse those wealthy Americans with their corporate jets and million-dollar yachts.
Well, actually, it’s not just the big-business types who own million-dollar yachts. The port of Los Angeles is the proud owner of a 73-foot luxury craft, which it purchased in 1988 and uses for public relations tours of the harbor.
You might think with the city in dire financial straits that they might sell off the yacht (which Mayor Antonio Villaraigosa insists on calling “a boat”). Instead, L.A. is “investing” $489,000 in federal taxpayer stimulus money to install new engines.