 In 1990, the by-now dilapidated "Yankee" was bought by a private citizen, Jim Gallagher, who towed it to Pier 25, Tribeca, Manhattan, where he began working on its restoration.In an unusual arrangement, Gallagher was permitted by the local authorities to live on the boat in order to continue with his work.To help pay for the job, Gallagher rented the boat out to weddings and parties.