The good news for the NYC Ferry: ridership is going up. The bad news for the ferry system: so is its annual deficit.
hoping to boost plans to further expand its reach with new docks in Queens and South Brooklyn. But representatives of the Economic Development Corporation , which manages the ferry system, largely downplayed the prospects of expanding in the near future, saying that they are focused on
At the hearing, the EDC touted the stat that NYC Ferry has hit ridership records over the past year with over 7 million riders in the 2024 fiscal year — an 8% increase in ridership from the prior fiscal year, and the equity consideration that those who rely on NYC Ferry the most of five-day-week riders are 47% non-white since 2022.
In spite of this, the system’s overall deficit has continued to increase over the past year. In 2022, the deficit was $52 million, and in 2023, $56.5 million. Wong pushed back on the framing that assumed the transit system should be expected to generate revenue.
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