[Wesley Paulson]

In the U.K., the Paddle Steamer Preservation Society owns the PS Waverly and PS Kingswear Castle. These boats are in turn held by separate holding outfits and then operated by a third organization.

P.S. Waverley is owned on behalf of the Society by Waverley Steam Navigation Co. Ltd. (WSN) (itself a registered Scottish charity - SC005832)) and operated by Waverley Excursions Ltd., a wholly owned subsidiary of WSN. P.S. Kingswear Castle is owned on behalf of the Society by Paddle Steamer Kingswear Castle Trust Ltd. (a charity registered in England and Wales as no. 299931) and operated by Paddle Steamer Kingswear Castle Trust (Trading) Ltd. The Society also supports financially the preservation of P.S. Maid of the Loch, which is owned by Loch Lomond Steamship Company, an independent Scottish charity (SC024062). Links are also maintained with the Medway Queen Preservation Society.

Paddle Steamer Preservation Society

In the U.S. the Cumbres & Toltec Scenic Railroad is operated under contract for the States of New Mexico and Colorado, by the Cumbres & Toltec Scenic ,an organization affiliated with the non-profit Friends of the Cumbres & Toltec.

So the concept with the Delta Queen Foundation has some proven models that can be followed.

Wesley