After Decommissioning
She had a number of owners over the next 25 years, due in part to the expenses associated with the maintenance of a wooden-hulled vessel. Some owners sought to offer Sequoia for charter, others were non-profit groups seeking to maintain her for historical or other reasons.
The Presidential Yacht Trust, a non-profit organization, acquired her in 1980 and sponsored an eight-month, 6,000-mile "comeback" tour, but this group went bankrupt three years later. The vessel lay derelict for nearly a decade. Around 2000, Japanese buyers had a contract to purchase the vessel, due to some connections the ship has with Japanese history, but a private American buyer, Gary Silversmith, stepped in and made a counter-offer before the Japanese contract was signed. Sequoia was purchased for $2 million in September 2000, after a shipyard had her renovated at a cost of over $3 million. Sequoia underwent additional restoration, and was available for private charters for $2500 per hour in 2003. In November 2004, Congress voted to appropriate $2 million to repurchase Sequoia, but she remains under private ownership. As of 2010 she was docked at the Gangplank Marina in southwest Washington, D.C.
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