Development company Save The Queen closed escrow Tuesday on a deal to acquire the Queen Mary from Queen’s Seaport Development, which had owned the ship for the last 15 years and declared bankruptcy two years ago.

The deal cost Save The Queen a reported $43 million, and the attraction is still deeply entrenched in various debts.  The new owners assume the Queen Mary’s lease and the right to develop the surrounding 55 acres of land.  

A press conference is scheduled for today at 4p.m. on the Sun Deck.