Maloney warns ferry operating contract expires in 2028
The contract worth up to $405 million expires in September 2028; the city must decide whether to renew, seek new bids, or try another model.
The biggest decision ahead is the operating contract.
New York City Ferry is run by a private operator under an agreement worth up to $405 million.
And this agreement is expiring in September 2028.
The last procurement process took about a year, so the city will have to decide very soon whether or not they plan to renew the current operator, seek new bids, or try something altogether different.
The city owns the boats, so every option is on the table.
We want to know how the operator has performed, what the city has received in advertising and other revenue, and how EDC is planning the next phase of the New York City ferry.
A decision of this size should not be made without the council and the public at the table.