Well the good news is what was left of the brass threads from the gear shift cable that were stuck in the bell housing is now out. I bought an extractor set and went to work on it. The bad news is I broke a chunk out of the bell housing. A quick look online has used ones at $250 and new ones up to $900.
On the bright side I'm not really missing much this season. June was cold and so far everyday this July it has been rainy. This morning it rained, the wind is blowing now and we might get a thunderstorm later. Not good boating weather.
What a mess.