This comment highlighted a gap in my understanding of things a bit: what makes a yacht a yacht vs just a boat?
A Yacht is a large pleasure boat. There's no exact definition, but you wouldn't call a 15 ft motor boat a yacht or a 40 ft work boat. Any well maintained 30 ft plus boat that's not used for commercial purposes could reasonably be called a yacht.
Edited to add: The structure in the article is in my opinion, not a boat: Boats have a means of propulsion, (sails, oars, motor) this floating school is a barge.
"Barge" is a much better word; thank you.
As far as I know (which isnt that far), it's pretty well known that "things people build" + water leads to impermanence. Anything on the water continues to exist because of constant maintenance. This thing didn't look painted.
How much money went down that hole? Would it have had a more positive impact if you'd taken it and spread it around the area's kids in cash?