The USS Oriskany, a prominent aircraft carrier launched in 1950, was one of the first vessels to serve in the Vietnam War and played significant roles in various military operations during its active duty. Upon its decommissioning in 1976, the ship remained in reserve for decades. By the early 2000s, it became apparent that the massive ship could be utilized not just as a historical monument, but also as a catalyst for ecological and recreational development. In 2006, after extensive preparation and environmental consideration, the decision was made to sink the Oriskany as an artificial reef.

On May 17, 2006, the USS Oriskany was sunk in the Gulf of Mexico at a depth of about 212 feet, approximately 22 miles from the shoreline of Pensacola, Florida. The sinking attracted considerable media attention and was witnessed by onboard divers and many others interested in the environmental project. The ship was prepared for sinking with significant removal of hazardous materials, ensuring that it would not adversely affect marine life or the surrounding environment.

The Oriskany now lies on the seafloor, providing habitat for fish and other marine organisms, thus promoting biodiversity in the region. It has become a popular diving destination, drawing recreational divers and contributing positively to local tourism and fishing activities. The project exemplifies innovative approaches to ecological restoration and maritime tourism.