Abandoned 'Ghost Ship' Washes Ashore in Florida After Harrowing Rescue

Texas owner faces costly decisions and potential legal consequences after vessel is found 200 miles from rescue site.

Michael Barlow and a friend were rescued by the Coast Guard during a storm in the Gulf of Mexico, abandoning their 45-foot sailboat.
The vessel, named The Lady Catherine III, washed ashore on a Pensacola beach 17 days later, earning the nickname 'ghost ship' from locals.
Barlow now faces a dilemma: pay $20,000 for repairs or $28,000 for demolition, with potential felony charges if no action is taken.
The boat was purchased to fulfill Barlow's dream of sailing around the world with his family.
A fundraising campaign has been launched to help cover the costs of salvaging the vessel.