That would be the live well.. I would get it unsealed as it's a place for standing water. It was likely sealed because it leaked over the deck when it was in use. Whatever the case may be break out the utility knife and a crowbar and pop it open so you can see what's going on.
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1980 23' SeaCraft
1992 16' Steiger Craft - Custom Flats Boat
The sea finds out everything you did wrong.
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