Phil Matier: Huge Subsidies Offset Cost For New South SF Ferry

SOUTH SAN FRANCISCO (CBS SF) – It turns out that the much-heralded new ferry line between South San Francisco, Oakland and Alameda is being subsidized – heavily – by the public.

The numbers have been crunched, revealing that for every $14 round trip ticket sold, the public has – or will – kick in nearly $100. In all, the subsidies for the new ferry service total roughly $94 million over a 20 year period.

Among the publicly-financed elements of the transit service: the Oyster Point Ferry Terminal, paid for largely with San Mateo County sales tax funds; Bay Area bridge tolls, which funded $16 million for two 140-seat ferries and a $2.6 million annual operating subsidy.

KCBS, CBS 5 and Chronicle Insider Phil Matier Reports:

The ferry service, which debuted earlier this month, is expected to transport 100,000 riders annually.

By contrast, the Water Emergency Transportation Authority expects a subsidy of just $8 per ride on the Alameda/Oakland to San Francisco ferry. The public subsidy for Golden Gate ferry service is about $15 per ride.

Representatives of the new South City ferry say they are banking on growing ridership, and consider the new service an investment in the region’s emergency preparedness – not to mention congestion relief efforts.

(Copyright 2012 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

More from Phil Matier
  • Warriors Arena and Transportation Options | Rincon Hill

    […] Bay Area traveling. The big question is how do you accommodate increased ferry boat services when ferries already require fairly high public subsidies? The same could be said for additional San Francisco Muni bus service that would be needed – […]

  • Bay Ferry & Google; trial terms of use | Everything South City

    […] employees to work in the bio/ pharma / tech industries in South City – and home again- at the tax payer cost off early $100 PER TRIP. Each […]

blog comments powered by Disqus
Guide To The Holidays
Shine A Light On The Holiday Season With ‘Giving Tuesday’

Listen Live