In 1987 the Golden City Paddle Steamer was purchased and returned to Ballarat by the Apex Club of Ballarat. The Golden City Paddle Steamer Museum Society Inc. was formed in 1988 as a consequence of a public meeting convened by the Apex Club of Ballarat.
The Society is a community based, non-profit organization which through the support of volunteers and a wide range of corporate sponsors and community groups, was able to resort the Golden City Paddle Steamer to operational conditions.
The Society has purchased and renovated Gill's Boat shed, established the Lake Wendouree Museum and facilitated the development of the Boat shed Restaurant which will underwrite the Society's future viability.
The Lake Wendouree Museum, established in 1998 is an interpretative facility serving as a lasting reminder of the rich history of family, sporting and recreational like associated with Lake Wendouree.