City Hall’s $369 Million Riverboat Gamble on Ferries

From the newly-minted local news site The City – how the City (of New York) got to the point of owning a fleet of ferry boats for its new public-private partnership with Hornblower. From what the article describes, the city’s Economic Development Corporation passed over local operators with local experience and their own fleet of boats in favor of an out-of-town outfit that was able to offload the purchase of new boats to the city (not even EDC). It sure sounds like the locals got screwed in the bidding process, too.