A life size replica of the ship 18th century explorer Captain Cook sailed to Australia is to get a new home in Whitby.
HM Bark Endeavour has been berthed in Stockton for more than 20 years.
Its new owner, Whitby businessman Andrew Fiddler, plans to spend three quarters of a million pounds refurbishing the vessel.
In August a partnership led by Mr Fiddler purchased HM Bark Endeavour, one of only two full-scale replicas in the world of the ship.
The partnership’s auction bid of £155,000 safeguarded the replica’s future as a North East visitor attraction, having beaten competing bids that could have seen the ship moved to Portsmouth, London or Dubai.
Mr Fiddler now plans to spend nearly £750,000 refurbishing and repairing the 33-metre long Teesside-built ship and then relocating it next year from its current berth at Stockton-on-Tees to Whitby, where the original Endeavour was built in 1764.
The ship will remain in Stockton over winter to undergo extensive refurbishment. This will involve the huge logistical operation of moving the vessel from its current position on the river Tees and into a dry dock to enable the refurbishment programme to be carried out.
The arrival of the legendary tall ship in Whitby in 2018 will coincide with the 250th anniversary when Captain Cook first set sail from Portsmouth on-board Endeavour to observe the transit of Venus at Tahiti, circumnavigate and chart New Zealand and chart the East coast of Australia.