Um yes. The financial district in San Francisco used to be a mud flat. During 
the gold rush clipper ships would drop off passengers. Unfortunately many of 
these ships had to be abandoned because the crews also took off to hunt for 
gold. So they were towed to these mud flats and left to rot. 

Eventually the mud flats were filled in and built over. Every few years 
construction workers find another one buried in what used to be mud.

>http://www.uri.edu/artsci/his/mua/in_the_field/jd1.shtml
>
>The ship lies, today, several meters beneath the street level. Lining the
>construction fence on the streets above are hundreds of spectators drawn to
>the incongruous spectacle of a ship lying deep in the heart of San
>Francisco’s Financial District. Behind them tower the steel and glass of
>high rises. Two blocks to the west, its spire half concealed by the fog, the
>Transamerica Pyramid marks the long-buried shoreline of the Gold Rush
>waterfront.
>Watching the high-pressure hose strip away the shroud of mud and sand is
>like stepping back in time. The oak planks of the ship’s hull are solid and
>the wood bright and fresh. Even more amazing is the stench of burned wood
>and sour wine rising from the charred debris.
>
>...
>
>I love it.

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