Medway Queen was eventually sold for use as a nightclub and marina clubhouse, and was moored at the Medway Queen Marina (now known as the Island Harbour Marina) on the Isle of Wight. The club opened in 1966. In 1970, a larger ship, PS Ryde, renamed as Ryde Queen, joined Medway Queen at the marina site, also operating as a nightclub. The two premises operated alongside one another for a period, until the Medway Queen was eventually closed and fell into disrepair. Preservation In 1978 the Medway Queen was bought by private owners with the aim of preserving her. She was moved out of the marina to the adjacent River Medina, but sank in the river when the hull sprang a leak. There she remained, in a state of increasing deterioration, until in 1984 she was salvaged, moved to Cowes at the river’s mouth, and thence towed back to Chatham in Kent on a salvage barge. In 1985 the Medway Queen Preservation Society''' formed, with the intention of preserving the historic ship. In 1987 she was moved to Damhead Creek, Kingsnorth on the Hoo Peninsula, but the trust lacked funds to bring her back to service, and struggled to preserve the structure. After a series of near disasters, in 2006 the National Lottery Heritage Memorial Fund agreed a £1.8 million funding package to restore her structure, subject to the society raising £225,000. Although the funds were raised, neither the insurance company nor marine engineers were confident that her hull was seaworthy and able to sustain lifting on to a pontoon. In October 2006, the Trust agreed to the deconstruction of the hull, and salvageable pieces were moved to Gillingham Pier (and a National Lottery funded warehouse) in Chatham Dockyard, in preparation of the hull being professionally restored to seaworthy condition. In October 2008, the society signed a contract with David Abels Shipbuilders to restore the hull at the Albion Dry Dock in Bristol, using plate riveting. Work began in April 2009 and was due to be completed in the summer of 2010. On 27 July 2013 the ship was rededicated. Plans were to float her out of the Albion Dock during the summer of 2013 and tow her back to Gillingham for a reception on 2 November. The tow home to Gillingham using the tug Christine started from Bristol on 24 October 2013. Weather conditions meant they were held up