Rumors and scuttlebutt are part of the fabric of any city, town or territory. Often, there’s a germ of truth in every rumor that is floated. For several months, there has been persistent talk that Sturgeon Bay’s luxury yacht maker, Palmer Johnson, would be closing. The rumor became reality Wednesday. Workers were told the yacht-marker is, indeed closing and would shut down operations in 60 days. About 100 employees are affected. The company reportedly said a dwindling workforce, diminishing sales and off-shore competition were factors in the decision to close. The employees were told that the company would work with a jobs agency to help them find new employment already, a number of area employers have absorbed part of PJ’s workforce, as for Palmer Johnson’s facilities, there are still more rumors as to who might acquire them.