I Can't Believe This Idea Failed

Everyone in their family has that one person who is always coming up with crazy and over-the-top schemes in order to make a quick buck without really having to do much work. Luckily, most of these people never put their idea into motion because they don't want to do the leg work to get the project started. This guy did and is now paying the price...literally.

By the Associated Press


A man who bought a used 300-foot Staten Island Ferry to convert it into a waterborne dorm for New York college students is drowning in a bad case of buyer's remorse.

Former marina owner Jacques Guillet bought the orange ferry for $162,000 at a closed-bid auction three years ago.

But he's failed to find an affordable parking spot along the area's waterfront for the 3,500-passenger boat, named the Gov. Herbert H. Lehman. The city wanted to charge him $1,000 a day.

Now he's paying $6,000 a month to dock it in Staten Island.

He tells The Wall Street Journal in Saturday editions that he's trying to sell the ferry. Any buyer would need to deal with complicated logistics, including the boat's size.

There were no bids when he advertised it on eBay.