Maloney details NYC Ferry ridership, costs, and fare increase
The system carried 7.4 million trips, cost $88 million to operate, brought in $27 million, and had an $8.33 subsidy per trip; base fare rose to $5.
First, we'll be discussing ferries.
New York City Ferry has become an important part of how New Yorkers get around.
The system carried 7.4 million trips last fiscal year, and this summer the city ran the most ferry service in its history.
In December, EDC launched the first major system-wide redesign of the routes since the system began, and this fall, New York City Ferry expanded discount fares to middle school students.
And we all enjoyed the FIFA-wrapped boats this summer.
However, the New York City ferry system is very expensive to run.
In fiscal year 2025, the system cost $88 million to operate and brought in about $27 million, which puts EDC's subsidy at $8.33 per trip.
And that figure does not include capital costs or the depreciation of the boats themselves.
As of yesterday, riders are now paying more, with the base fare rising from $4.5 to $5.