If you haven’t heard the news already, mega yacht builder Palmer Johnson, based in Sturgeon Bay, announced last Wednesday that they would be closing. According to the release, Palmer Johnson says that the company’s operations and employment have been diminishing along with sales. Competition from other luxury yacht builders put pressure on the company, forcing them to make the difficult decision to close. The close will result in about 100 jobs being affected.
Palmer Johnson is currently working on one yacht that has been under construction for most of the year. It is expected to be launched soon, and after the completion of this yacht, Palmer Johnson will officially end operations.
I will try to get up to Sturgeon Bay before the yacht departs from the shipyard, so I can share some last-minute photos.