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Absolutely! But rarely see anyone in NYC government actually doing their job.
I guess one question is what is the split on operating versus capital costs. How are they amortizing those capital costs and the depreciation of those assets?
I've read reports of high per rider subsidies, but it wasn't clear which of these were part of starting up and which of these are essentially ongoing operational costs. The Mayor's office has claimed that the high initial costs are part of simply starting these up, which is reasonable, but doesn't then further elaborate to what extent that is the case nor offer up any numbers. If that really is the case, then why doesn't the office actually release more hard numbers and an analysis? That should be the best way to argue this, but it's possible that even taking that into consideration, the operating costs might still be very unpalatable--which then goes back to the main criticism in regards to lack of transparency.
I guess one question is what is the split on operating versus capital costs. How are they amortizing those capital costs and the depreciation of those assets?
I've read reports of high per rider subsidies, but it wasn't clear which of these were part of starting up and which of these are essentially ongoing operational costs. The Mayor's office has claimed that the high initial costs are part of simply starting these up, which is reasonable, but doesn't then further elaborate to what extent that is the case nor offer up any numbers. If that really is the case, then why doesn't the office actually release more hard numbers and an analysis? That should be the best way to argue this, but it's possible that even taking that into consideration, the operating costs might still be very unpalatable--which then goes back to the main criticism in regards to lack of transparency.
Saw something on news today that those ferries are bleeding red ink; running at huge losses.
Think most of them are only really full during AM and PM rush hours, otherwise they largely run empty.
Saw something on news today that those ferries are bleeding red ink; running at huge losses.
Think most of them are only really full during AM and PM rush hours, otherwise they largely run empty.
I wouldn't be surprised if that's what's happening with most of the ferries outside of rush hours, though the times I've been on the East River Ferry during off-periods have had pretty healthy ridership though a significant amount of that seems to be tourists.
The ferries are good for sightseeing, not for actual commuting and that's why they will never turn a profit.
There are no direct connections to the bus or subway next to any of them except Rockaway - and they just recently changed the Q22 route so that it stops directly in front of the ferry. Even Pier 11 you have to walk a few blocks to get to the 2/3 trains.
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The ferries are good for sightseeing, not for actual commuting and that's why they will never turn a profit.
There are no direct connections to the bus or subway next to any of them except Rockaway - and they just recently changed the Q22 route so that it stops directly in front of the ferry. Even Pier 11 you have to walk a few blocks to get to the 2/3 trains.
The ferry service runs independent of the subways and buses and that's the thing. I don't think the MTA wants to have them "link" up. Ferries take away subway riders from the MTA and lost revenue, so don't expect the MTA to be wanting to give up transfers unless the City coughs up more money in return. Think of all of the other private operators that have tried to run bus service over the years that have been shut down because the MTA does NOT want competition. So it's almost like a monopoly. Most other services that "link" to subways or rail lines are somehow operated by the MTA OR they get some cut of revenue that comes in, so that they're fine with.
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