Washington State Ferries announced Monday the sale of its smallest retired ferry, Hiyu, to Shoreline-based Menagerie Inc. where it will be used as a local floating entertainment venue.

The 50-year-old ferry officially changed hands today and was towed from the Eagle Harbor maintenance yard to its new home on Lake Union.

“We make every effort to keep our retired ferries operational, instead of being sold for scrap,” WSF Chief of Staff Elizabeth Kosa said in a news release. “I’m pleased the Hiyu will continue to serve Washingtonians on the water in her second life as a floating entertainment locale.”

At only 162-feet-long, the Hiyu is considered by many to be the among cutest and most cherished ferries in WSF history. The vessel ran from 1967 until 2016, but with only a 34-vehicle capacity, lack of ADA accommodations and high maintenance costs, the Hiyu outlived her usefulness.

The Hiyu has served several different routes, most notably the Point Defiance/Tahlequah and San Juan Islands inter-island routes. After being put in storage in the late 1990s, the Hiyu reemerged in recent years as a relief vessel. The Hiyu’s last sailing was July 23, 2015.

Hiyu is one of two state ferries retired and put up for sale in 2016. She sold for $150,000. WSF is in negotiations with parties interested in purchasing the second ferry, Evergreen State, however no firm sale agreements are in place yet.