Oakland's USS Potomac Facing Financial Woes

OAKLAND (CBS / AP) -- The USS Potomac memorial in Oakland's Jack London Square could close because of a lack of funding, according to the exhibit's executive director.

Marti Burchell said the USS Potomac Association has lost half its operating income during the past two years, as the Port of Oakland stopped contributing to the $120,000 annual price tag of maintaining the ship.

The group has been unable to make up for the loss and is on track to exhaust a $250,000 rainy day fund by the end of April.

The 165-foot ship, nicknamed the "Floating White House," was President Franklin Delano Roosevelt's presidential yacht until his death in 1945.

More than 250,000 people have toured and sailed aboard it since it opened to the public in 2005. The ship has been designated a National Historic Landmark.

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