BAYONNE, NJ - The long awaited ferry service from Bayonne to Manhattan could start in September, according to city officials.
Under a proposed agreement outlined by Council President Sharon Ashe-Nadrowski Wednesday, the city would pay the lease and infrastructure improvements needed for the ferry facility and would later share the profits with the ferry service once the service starts making a profit.
A lease agreement between the city and the Port Authority of New York and New Jersey would be for 10 years, with an option for an additional 10 year renewal. The terminal would be leased for $220,000 the first year and rise each year afterward. Once the service reaches 350 passenger trips per day a share of the profits would further offset the lease.
While the city would foot the bill for the cost of construction of the facility, a portion of the expenses have been covered through with developers currently constructing projects on the former Military Ocean Terminal near where the service will operate. The city has also secured a $650,000 federal grant towards the anticipated $1.6 million price tag.
Parking at the ferry terminal will be free for the first year as an incentive to riders, Ashe-Nadrowski said.
The ferry service will be operated by SeaStreak, LLC.
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