New York City Mayor De Blasio’s $325 Million Ferry Push: Rides to 5 Boroughs, at Subway Price

June 17, 2016

With New York City’s subway trains jammed to capacity and more people than ever pouring into neighborhoods outside Manhattan, Mayor Bill de Blasio is embarking on an ambitious and expensive plan to create a fleet of city-owned ferryboats that would crisscross the surrounding waterways and connect all five boroughs.Website Insert Development Finance and Management copy

At a cost of more than $325 million, Mr. de Blasio’s expansion of ferry service would be one of the biggest bets any city in the world has made on boats as vehicles for mass transit. The mayor predicts that the ferries would carry 4.5 million passengers a year, about twice as many riders as San Francisco’s ferry system handles.

Mr. de Blasio has promised New Yorkers that ferries will start running on three new routes, serving South Brooklyn, and Astoria and the Rockaways in Queens, by the end of June 2017, four months before he would stand for re-election. Additional routes to the Lower East Side of Manhattan and to Soundview in the Bronx will be added in 2018.

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