The price of the "Taku", docked in Ketchikan, has been reduced by more than half. Anyone hoping to own a ferry can now place a sealed bid on it for the low, low price of $700,000. That's after the state found no takers at the initial $1.5 million price tag. The state hoped the new price would be more enticing to people that might be interested in owning a ferry. Before putting it out to bid, DOT approached other state agencies and local governments, offering to give them the ferry for free. As they didn't have any takers, the state opened it to bidders at a minimum price of $1.5 million. The sealed bid sale opened March 11 and closed May 9, 2017. So the price was slashed by $800,000, and the sale has been extended until May 31.