Ferry Snapped Up On EBay

11 November 2003 - 11:00am

After just three days on eBay, the Washington passenger ferry Tyee was sold to a boat broker in Florida for $560,000.

"The state wanted a minimum bid of $500,000, but said anyone who bid $560,000 could have the boat and end the auction... 'Clearly this is something that worked for us,' said Washington State Ferries spokeswoman Pat Patterson. 'I'm surprised how quickly it sold.' "

Source: The Seattle Times, November 8, 2003
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These practices are also inequitable since they force non-drivers to subsidize parking costs, reduce travel options for non-drivers, and reduce housing affordability.