How Long Will NYC's East River Ferry Need a Tug?
While the priceless views and serene surroundings win raves from its few regular riders, only one year into a three-year contract subsidized to the tune of $9 million by the City of New York, "the verdict on whether the service will sustain itself is far from clear," reports Joseph Berger.
"The number of riders on the service as a whole is growing; in its first year, beginning in June 2011, 1.2 million passengers rode the ferries, according to the New York City Economic Development Corporation, which oversees the service." But many of those riders were tourists and families out for a one-time jaunt. "But it is not yet apparent," writes Berger, "that the ferries can become a daily habit for enough people to keep New York Waterway, which operates the ferry, from losing money, as it has on some other routes."