It was the cost of the repairs at Miami rates. They were going to have to paint the entire boat in order for her look right again and that alone was $98,000 for the yard to do it. Then there was the repair, replacement of salon and pilothouse floors that buckled, replacement of other things like some pumps, damaged cabinetry and some interior teak, etc. It added up and when it hit the $187,000 mark before the port transmission was even inspected (it came in contact with saltwater in the bilge), they threw in the towel and totaled it.
All this cost was for having a yard to it. I just dont have the time to bite off all that work myself trying to do it on weekends. It was just too much.