milt,
In fact I think it is a great idea....I don't think they were just sinking it because they didn't know what to do with it!!!
My guess is that this ship is being sunk as a Marine artificial reef project.
It will have been properly cleaned out, and once sunk will provide a perfect area for fish and other marine life to use.
It will add another great dive site for the dive operators along that coast.
cl12pv2s