By Sabina Mollot
Earlier this month, the news that the city’s ferry system was costing taxpayers nearly $11 in subsidies has raised concerns about the value of the service and if the ferries are serving commuters in an equitable way.
The City Council held a hearing on the subject last Wednesday, although an attending representative for the Economic Development Corporation, which operates the ferries along with Hornblower, offered little in the way of information about demographics of ferry riders and just how much they’re using the system.
Later, Council Member Keith Powers, whose East Side district residents utilize two of the new ferry stops along the Lower East Side route (20th and 34th Street) said there are still many questions that need answering. However, for him, it’s not a question of whether the ferries are worth the investment — he believes they are — but how money can be saved in the future and how the system can be tweaked to better serve commuters with the most need.
The current $10.73 per person subsidy, he noted, is in part due to the cost of buying the fleet of ferries upfront as opposed to having rented them, which over the long term, is estimated to save the city $150 million.