BASED ON THE SAVINGS CREATED BY REFINANCING, THE PORT COMMISSION AT THE SANTA CRUZ SMALL CRAFT HARBOR MAY BE ABLE TO BY A NEW DREDGE, TO HELP KEEP THE HARBOR OPEN. THE REFINANCING DEAL LEFT THEM WITH 4.5 MILLION DOLLARS THEY WOULD NOT OTHERWISE HAVE HAD, AND THE DREDGE (THAT COMMISSION MEMBERS WANT TO PURCHASE) IS 4 MILLION DOLLARS. THE DREDGE THEY HAVE NOW IS 28 YEARS-OLD AND HAS REPORTEDLY NEVER BEEN OUT OF THE WATER.
