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Boat stranded in Lake Michigan to be towed by U.S. Coast Guard

CHICAGO (CBS) -- There's an update tonight on a boat that's been stranded in Lake Michigan since the weekend.

The owner was supposed to move it by Wednesday morning, but CBS 2 has learned they couldn't afford to get it done in time.

Now, the U.S. Coast Guard said it will hire a contractor to remove the oil and hazardous material from the boat and the owner will be responsible for the bill.

The 40-foot cabin cruiser hit a rock off 57th Street Beach Saturday night and 4 passengers on board were rescued. 

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