New York City Ferry System Needs More Subsidy Than Subways, Buses

By Henry Goldman (Bloomberg) -- New York Mayor Bill de Blasio’s system of ferry boats linking Manhattan with transit-poor sections of Brooklyn, Queens and the Bronx is costing city taxpayers almost $11 per ride, 10 times more than they pay to subsidize subways and buses, according to the Citizens Budget Commission. The system’s dependence on high taxpayer subsidies comes as … [Read more...]

Historic Shipyard Turns From Ships To Technology

by David M. Levitt (Bloomberg) -- America may never recover its glory as a manufacturing powerhouse, but the Brooklyn Navy Yard is doing what it can, transforming itself from a 20th-century ship builder to a 21st-century high-tech hub.  Now it’s about to unveil a $2.5 billion building plan that would more than quadruple its current workforce. The navy yard’s … [Read more...]

BOATLIFT – An Untold Tale of 9/11 Resilience [VIDEO] While the towers burned and collapsed on September 11, 2001, a half million people were evacuated from Lower Manhattan by a civilian flotilla of ferries, tug boats and other vessels in what is now known as the largest boatlift in history. BOATLIFT - An Untold Tale of 9/11 Resilience is a touching tribute to that effort. The short … [Read more...]

Seastreak Wall Street Investigation Takes Aim

WASHINGTON - The National Transportation Safety Board's latest update on the ongoing investigation into the Jan. 9 Seastreak Wall Street hi-speed ferry incident in New York City reveals a focus on the vessels new propulsion machinery and the possibility of an allision with an underwater obstruction. A NTSB release says that the engine manufacturer (MTU) arrived on-scene … [Read more...]

Seastreak Wall Street – NYC Fast Ferry Damage [PHOTOS]

The United States Coast Guard has begun to investigate today's commuter ferry incident. The incident occurred in New York City early this morning when the ferry Seastreak Wall Street, crashed into a pier near the financial district injuring dozens of passengers. The following are official US Coast Guard photos and video of the damaged ferry: … [Read more...]