After the U.S. Coast Guard halted service on nearly two dozen New York Waterway ferries for safety issues over the weekend, commuters on Monday faced extensive delays and modified routes. On Sunday, the Coast Guard said it suspended 23 of 32 ferries operated by the company after multiple inspections found them to be “operationally unfit.” As of Monday afternoon, 15 ferries remained out of service.
Image © 6sqft
A majority of New York City Ferry riders are white and wealthy, the Daily News reported on Monday. According to a survey conducted by the city’s Economic Development Corporation, which operates the ferry system alongside Hornblower, more than 60 percent of NYC Ferry riders are white with an average annual income between $75,000 and $99,000. In March, a study from the Citizens Budget Commission found the NYC Ferry costs the city $10.73 per rider, about 10 times that of subway subsidies.
Via NYC Ferry
According to a report from the Citizens Budget Commission (CBC) “Swimming in Subsidies,” the three-year-old NYC Ferry transports fewer people in a year than the city’s subway moves in a day. But at about $10.37 per rider, the ferry’s operating subsidy is 10 times that of the New York City Transit system. And an expansion of the system was recently announced that will mean even higher public subsidies–as much as $24.75 per ride for the Coney Island route. Why the steep subsidies? First, operating costs are high due to long routes and leisure-oriented ridership. And revenue is low because fares are tied to subway and bus fares.