By: Joann Loviglio, Associated Press
PHILADELPHIA (AP).- A historic warship in Philadelphia is looking for a new owner. The USS Olympia, a one-of-a-kind steel cruiser from the Spanish-American War, needs $2 million to $5 million in immediate repairs to stabilize it and an additional $10 million to $20 million for dry dock and restoration. The Independence Seaport Museum says it’s looking for someone to take ownership of the National Historic Landmark. The museum posted a transfer application Monday on its website. It’s looking for a state, city or charitable organization that will assume ownership of the Olympia. Individuals and for-profit groups are not eligible to apply. The museum is holding a summit at the end of March for potential buyers, and museum officials are hoping to have the transfer wrapped up by November 2012. They said they cannot afford the repairs and that the Olympia, purportedly the world’s oldest steel warship still afloat, will be scrapped or scuttled if