The Queen Anne’s Revenge Shipwreck Site:
A Case Study For Evaluating And Managing
Historic Shipwrecks
Author(s)
M. U. Wilde-Ramsing
Abstract
While discovery and exploration of internationally recognized maritime heritage
sites naturally attracts attention, management of these quasi-public, multi-cultural
resources is seldom easy. Using economic models developed for public
resources as an analytical tool, North Carolina shipwreck 31CR314, believed to
be Queen Anne’s Revenge, will be examined and discussed. This heritage site
associated with the internationally recognized historic figure, Edward Teach, aka
"Blackbeard", is an important, highly visible, state-held resource, which holds
implications for many people. The site has been a challenge for managers
charged with allocating its use. The central objective of this paper is to identify
key interest groups and the way they value the Queen Anne’s Revenge shipwreck
site. Three basic management options for this public resource will be examined
through cost-benefit analysis and the affects each have on the various interest
groups. In this manner, state archaeologists have begun to develop a means to
measure and optimize the allocation of one of North Carolina’s most important
cultural resources.
Keywords: underwater resource management, non-market valuation.
1 Introduction
The 1996 discovery of shipwreck 31CR314 in Beaufort Inlet has provided North
Carolina one of the most important management challenges in the past forty
years. Discovered by the commercial firm Intersal, Inc., state underwater
archaeologists agreed that the site was quite possibly the remains of the
internationally recognized pirate Blackbeard's flagship, which was known to
Keywords
underwater resource management, non-market valuation.
Related Book
Other papers in this volume
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