When Charlie Dana’s wife rang in the middle of the night on a sailing trip to let him know that the last remaining shipyard in Newport was going to be put up for auction, Dana just couldn’t stop thinking about it. The yard’s fourth bankruptcy had obviously taken its toll, and though it would mean throwing away almost four centuries of Newport history, it was time to say goodbye and turn the once-booming yard into something a bit more modern… like condos. Or timeshares. This idea appalled the long-time sailor and former Commodore of the New York Yacht Club. And so he decided to do something about it.