1973Urban Renewal II began.Economy and Industry, Government and Public Service, Maritime & Fishing Industry, City Government

In September, Urban Renewal II took Smitty’s Wharf. In the past, fishing shacks lined the wharf for lobstermen to store and fix their gear, which were rented for $15 per month.
Gloucester Daily Times. "Only memories can keep Smitty's Wharf alive now." September 8, 1973.