That about sums it up.
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Yarrrrrgh matey....ye be a blue suiter of the loranimal variety?
It was an island in the Mediterranean....long day.
Anyways, still a neat story
The USCG has been having its budget strained for decades, this is just one way to free up some money to dedicate it to port security, search and rescue, or maritime control.
However, of interesting note, the LORAN stations where some of the most far flung US military installations anywhere in the world! Japan, Korea, Thailand, Vietnam, Turkey, Spain, Itially....) They've all been handed back, however (most are now derelict).
Also of interesting note, the USCG LORAN Station Lampedusa was the only US military installation directly attacked in response to the bombing of Libya in the 1980s. They fired a bunch of SCUD missiles a hand full of coasties stationed on an island in the pacific. The guy in charge was a lowly LT.
Also, if you have some free time, consider asking your congressperson to give the USCG more $$. Right now, they are 1/10 the size of the Navy with 1/15 the funding, yet are responsible for all of our waterways, maritime environment, maritime search and rescue, fishery patrols, drug smugglers, illegal immigration, national security, enforcement of maritime law, port security, and much, much more!