Monorail!

New York Water Taxi is shutting down its East River service early this year (November 1), and residents of Shaefer Landing (and elsewhere) are not happy. Seems some people bought into the development counting on convenient transportation.
Will the Water Taxi go down as Williamsburg’s monorail? In addition to Shaefer Landing, monorails water taxis are planned for Greenpoint and North 6th Street. Domino, too, plans a water taxi stop (the “primary form of transportation for residents is expected be a water taxi…”).
The *Times* thinks there might be a problem here:
> Even before the stock market crashed, it seemed likely that the area was overextending itself with new housing; a ferry service that can’t be counted on could create a full-blown glut.