In 1963, a replica of "Bluenose" was built at Lunenburg using the original "Bluenose" plans and named "Bluenose II". The replica was built by Smith and Rhuland, sponsored by the Oland Company. Used as a marketing tool for Oland Brewery Schooner Lager beer brand and as a pleasure yacht for the Olands family. "Bluenose II" was sold to the government of Nova Scotia in 1971 for the sum of $1 or 10 Canadian dimes. The replica schooner is used for tourism promotion as a "sailing ambassador". In honour of her predecessor's racing record, "Bluenose II" does not officially race. The replica has undergone several refits to extend her life. This vessel was decommissioned and dismantled in 2010, and an entirely new "Bluenose" (also named "Bluenose II", since Transport Canada deemed it a "reconstruction") was built as close to the original schooner deemed necessary and launched in Lunenburg in 2013. Various subcomponents for this "Bluenose II" project were supplied from notable firms including the ships keel at Snyder's Shipyard in Dayspring, the ships backbone of laminated ribs at Covey Island Boatworks in Riverport and assembly of the vessel in Lunenburg. Much controversy has surrounded the vessel due to overspending on the "refit". After further repairs ownership of the restored "Bluenose II" was returned to the province of Nova Scotia and she began a tour of Nova Scotia ports in the summer of 2015.