Trustees had hoped the building set to house the hull of the 500-year-old ship would be ready in 2012 for the 30th anniversary of the wreck's discovery.
She highlighted the story of Thomas Richard Gale of Escourt Street, Hull, who crawled into a "severely demolished" house in Carden Avenue, to rescue a woman and two children during 1943.
His bid for the job at the Humberside force comes almost two years after he entered the House of Lords as a life peer with the title Baron Prescott, of Kingston upon Hull in the County of East Yorkshire.