Restored boat in a city (6)

I believe the answer is:

newark

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'a city' is the definition.
(Newark is an example)

'restored boat' is the wordplay.
'restored' becomes 'new' (I can't explain this - if you can you should give a lot more credence to this answer).
'boat' becomes 'ark' (ark is a kind of boat).
'new'+'ark'='NEWARK'

'in' is the link.

Can you help me to learn more?

(Other definitions for newark that I've seen before include "US port" , "east coast port" , "US gateway" , "Notts. town; NJ city" , "Market town on river Trent" .)

I've seen this clue in The Hindu.

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