[OldDeckHand]

"Take it out of the water and put in in a climate controlled pavilion. That seems to be the good fate of all old ships that end up being preserved."

She's over 5K-ton and almost 350' long. That would be one hell of a pavilion.

It would be great to restore her and sail her again, but I'm sure that would cost well in excess of $100M, just to make her seaworthy again. The $20M they're asking for probably only covers paint and limited minimal repair over a fairly short period of time.

[dr_lew]

It would be great to restore her and sail her again, but I'm sure that would cost well in excess of $100M, just to make her seaworthy again.

Seaworthy? How about float-worthy? She hasn't moved in 50 years, from what I can gather.