Vincent Lackey, the owner of a rotting houseboat that has been stuck in the mud in India Basin for months, is about to see his dreams of opening a waterfront restaurant come to a watery end. Lackey, who planned to convert his dumpy houseboat in to a floating eatery just in time to serve hungry America's Cup fans, has now had his glorified piece of driftwood confiscated by the Port of San Francisco while they figure out how to salvage the vessel or scuttle it entirely.

Yesterday, port officials took it upon themselves to free the boat and tow it towards pier 70, claiming it as abandoned under harbor code. The whole sad rescue effort cost the port $25,000, which they hope will be reimbursed by a state fund for dealing with abandoned boats.

According to Port spokeswoman Renée Dunn Martin, the port is still working with Lackey to get the boat taken care of. Lackey, for his part, claims the boat is not abandoned at all and he has plans to move it to a pier in Oakland. The last time Lackey claimed he had plans for his dilapidated vessel, however, he told the press he had everything in order to convert it to a waterfront restaurant at Pier 1 complete with a 3,000 square-foot concert dome. "I've got a dream and I keep going for it," Lackey told the Examiner.

On the other hand, as Dunn Martin told SFist earlier, Lackey's plan is most likely not allowed under Port guidelines. Meaning the would-be waterfront entrepreneur is probably just spraying this stuff out of his blowhole.

Previously: A Houseboat Stuck In The Mud Is Our New Favorite NIMBY Problem