The NYC Ferry has its fair share of fans, thanks in part to social media accounts filled with memes and trendy videos featuring boat crew. The posts intend to promote the fun of a ferry ride for both commuters and leisure riders.
But critics point out that it’s an expensive way to get around, especially since fares don’t cover much of the operating costs. In 2022, an audit by the New York City Comptroller found that the city’s Economic Development Corporation, which runs the ferry, had misreported funds and needed a financial turnaround.
The EDC has defended its spending, but the audit was a wakeup call. Since then, the NYC Ferry has a new, more favorable contract with its operator. It raised single ticket prices to $4.50 to cover more costs. And last year it said it saw record ridership—7.4 million passengers—while dropping its subsidy-per-rider down to its lowest yet.
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