BAYONNE, NJ - The Bayonne City Council is expected to approve a lease agreement with the Port Authority of New York and New Jersey, including the construction of a $1.6 million terminal for the south side of the former Military Ocean Terminal, at their February 19 meeting. The terminal will host the long awaited ferry service between Bayonne and Manhattan.
As previously reported the council introduced the ordinance in January and service is expected to begin in September.
The city has already received a $650,000 federal grant to help pay for the project and several developers are kicking in some of the cost to make the ferry service possible.
Under the agreement, the city will lease the land from the Port Authority for $220,000 annually, until the ferry service starts to make a profit, at which point the city and operator will split the profit.
The city has already designated SeaStreak as the operator.
“We haven’t determined the cost of the rides yet,” said City Council President Sharon Nadrowski at the body’s Wednesday caucus meeting.
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