Master the Centenary Project

Report
The Centenary Project



Built 1922
Arthur Moscrop: Designer & Builder
The LAST wooden-hulled, steam-powered
working tugboat in North America

Objectives:
To properly repair/refit the Master in order to
celebrate her Centennial in 2022
 To ensure that the Master will endure for another
generation at least

Status of Master:
◦ A 90 year old wooden tug
◦ Needs some serious TLC!!
◦ Some extensive hull and machinery repairs required:








Aft bulwarks
Rim timber
Deck beams
Horn Timber
Upper Deck replacement
Wheelhouse Roof replacement
Shaft Bearings
Rudder Bearings
◦ On-going Machinery and Boiler maintenance

Mr. David Bradford, President



Why should we keep this old tug afloat?
To properly acknowledge BC’s maritime
heritage
To celebrate the founders of the BC Towing
Industry
To publicly
recognize the vital
contribution of the
towing industry to
the BC economy

The Members of CMC and the BCTOA are the
Perfect Sponsors for this project:
◦ You ARE the towing industry in BC
◦ The S.S.MASTER is an icon of all that precedes your
businesses today
◦ In order to garner more Government and general
public support, we need to demonstrate strong and
continuing industry support

The 5 Year Plan: 2013-2018
◦ Raise $500,000 to deal with major repairs
◦ Raise app. $80-90,000 per year for minor repairs and
operating expenses
◦ Build Public and Government awareness of the
importance of this vessel to BC and Canadian history

The 10 Year Plan: 2018-2022
Raise $100,000-$125,000 per year for ongoing repairs
and refits to ensure completeness of work
Participate in as many events as possible to raise
Centennial awareness
Have a huge Centenary Celebration in 2022
2013
Major Hull Repairs
Minor repairs/maintenance
2014
2015
2016
2017
2018
2019
2020
2021
2022
Total
$
$
50,000 $
20,000 $
100,000 $
20,400 $
100,000 $
20,808 $
100,000 $
21,224 $
100,000 $
21,649 $
50,000
22,082 $
22,523 $
22,974 $
23,433 $
5,000
$
$
500,000
200,093
General operating expenses $
25,000 $
25,750 $
26,523 $
27,318 $
28,138 $
28,982 $
29,851 $
30,747 $
30,000 $
50,000
$
302,308
Total Expenditures
Cumulative Total
$
$
95,000 $
95,000 $
146,150 $
241,150 $
147,331 $
388,481 $
148,542 $
537,023 $
149,786 $
686,809 $
101,063 $
787,873 $
52,375 $
840,247 $
53,721 $
893,968 $
53,433 $
947,401 $
55,000
1,002,401
Fundraising Objectives
$
100,000 $
150,000 $
150,000 $
150,000 $
150,000 $
100,000 $
50,000 $
50,000 $
50,000 $
50,000
Towing Industry:
Corporate
Individuals
Other Marine Corporations
General Public Donations
Government ?
$
$
$
$
100,000
30,000
15,000
5,000
100,000
30,000
15,000
7,500
10,000
100,000
30,000
15,000
7,500
10,000
100,000
30,000
15,000
7,500
10,000
30,000
15,000
10,000
10,000
30,000
15,000
10,000
10,000
30,000
15,000
10,000
10,000
$
$
$
$
30,000
15,000
15,000
10,000
Annual total
Cumulative total
$
$
100,000 $
100,000 $
150,000 $
250,000 $
162,500 $
412,500 $
162,500 $
575,000 $
162,500 $
737,500 $
112,500 $
850,000 $
65,000 $
915,000 $
65,000 $
980,000 $
65,000 $
1,045,000 $
70,000
1,115,000
Annual Surplus/Deficit
$
5,000 $
8,850 $
24,020 $
37,977 $
50,691 $
62,127 $
74,753 $
86,032 $
97,599 $
112,599
50,000
30,000
15,000
5,000
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
Assumptions:
•
•
•
•
•
$
$
$
$
$
50,000
30,000
15,000
7,500
10,000
$
$
$
$
$
$
$
$
$
$
$
$
BCTOA support will be unanimous!
300 or more individuals in the industry will donate $100/year
“Other” marine industries will commit $15,000+/year
Public Support will grow as the Centenary approaches
Heritage Canada can be persuaded that this is a worthy project
$
SAY
1,002,401
$1,000,000
$ 1,000,000
$
$
$
500,000
300,000
150,000
$85,000
$80,000
$ 1,115,000
We are asking all CMC Members to sponsor the
major repair work…
2013
2014
2015
2016
2017
2018
$ 50,000 $ 100,000 $ 100,000 $ 100,000 $ 100,000 $ 50,000
15000
30000
30000
30000
30000
15000
CMC Corporate Donations
5 large members
unit cost/year
3000
6000
6000
6000
6000
3000
5 medium sized members
10000
20000
20000
20000
20000
10000
unit cost/year
2000
4000
4000
4000
4000
2000
20 small members
20000
40000
40000
40000
40000
20000
unit cost/year
1000
2000
2000
2000
2000
1000
13 affiliates
6500
13000
13000
13000
13000
6500
unit cost/year
500
1000
1000
1000
1000
500
Total
$ 51,500 $ 103,000 $ 103,000 $ 103,000 $ 103,000 $ 51,500
Total Unit
Donation
Yearly
Average
$
30,000 $
3,000
$
20,000 $
2,000
$
10,000 $
1,000
$
5,000
$ 515,000
$
500

As a TEAM, let’s make this happen!
www.Master.org
Ph. 604 352-4174

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