Word: tidelands
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Dates: during 1970-1979
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...Long Beach, Calif., bought the Queen Mary three years ago for $3,000,000, planning to transform her into a luxurious 400-room hotel, with a Museum of the Sea designed by Oceanographer Jacques Cousteau. Since then, conversion costs, paid for mainly out of the city's tideland oil revenues, have leaped from an original estimate of $13.5 million to $57 million. Work was delayed at the start while A.F.L.-C.I.O. construction craft unions won a jurisdictional victory over maritime unions, which immediately boosted labor costs by 50% . The completion date, originally set for the summer...