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Boatload of subsidies buoy new South S.F. Ferry
San Francisco Chronicle, Bay Area ^ | 6/25/2012 | Phil Matier

Posted on 06/25/2012 3:37:55 PM PDT by Grampa Dave

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.

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

KCBS, CBS 5 and Chronicle Insider Phil Matier Reports:

Phil Matier: The Public is Paying for New Ferry Service


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: cronycapitalism; greensubsidy; opmatworkagain
Typical Green Crony faux capitalism at work in the Bay Area.

Taxpayers have or will fund nearly $100 for each $14 ticket.

1 posted on 06/25/2012 3:38:07 PM PDT by Grampa Dave
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To: Ernest_at_the_Beach; NormsRevenge; tubebender; SierraWasp; steelie; stephenjohnbanker

Our tax $’s at work


2 posted on 06/25/2012 3:40:28 PM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: Grampa Dave

The ferry landing is close to where I work.
I was wondering how much the state kicked in.


3 posted on 06/25/2012 3:40:46 PM PDT by Mr. Peabody
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To: Mr. Peabody

Amazing isn’t it.

Everything in Californicator land seems be supported by our tax $’s

Pure capitalism is passe, faux green capitalism is the game.


4 posted on 06/25/2012 3:43:04 PM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: Grampa Dave

One more joke on the people.


5 posted on 06/25/2012 3:44:30 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: stephenjohnbanker

How in the world did anyone come to the conclusion that San Francico needs more ferries?


6 posted on 06/25/2012 3:48:50 PM PDT by glorgau
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To: Grampa Dave

Sorry, but not being a citizen of any of the involved cities and state, I couldn’t care less what California spends its locally gotten taxes and tolls on.


7 posted on 06/25/2012 3:53:59 PM PDT by DallasDeb (usafa06mom)
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To: Grampa Dave

I’m not surprised at the subsidies.

But let me tell you I’m SHOCKED that CBS/Chron are reporting on them.


8 posted on 06/25/2012 3:56:42 PM PDT by nascarnation
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To: DallasDeb

Sorry, but not being a citizen of any of the involved cities and state, I couldn’t care less what California spends its locally gotten taxes and tolls on.

I’m sure that some tax $’s from every state are helping to pay or each ferry ride.


9 posted on 06/25/2012 4:04:42 PM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: nascarnation

“But let me tell you I’m SHOCKED that CBS/Chron are reporting on them.”

The GayRonicle seems to be developing a duo personality the past few months. They have been publishing articles like this one some severe anti liberal political cartoons.

I have a neighbor who sends me a link re the new side. That is how I became aware of its.


10 posted on 06/25/2012 4:07:31 PM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: Grampa Dave

At some point, (some) folks in a dying media industry may figure out how to expand their audience...


11 posted on 06/25/2012 4:24:53 PM PDT by nascarnation
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To: nascarnation

“At some point, (some) folks in a dying media industry may figure out how to expand their audience...”

I’m sure that they have complained to Axelrod and other commie buds of Obama and have asked for hard to trace funding.


12 posted on 06/25/2012 4:29:11 PM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: Grampa Dave

Chump change compared to the high-speed rail subsidies awaiting the California taxpayers.


13 posted on 06/25/2012 4:31:43 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Oldeconomybuyer

“Chump change compared to the high-speed rail subsidies awaiting the California taxpayers.”

Yep, that will cause a lot of KY jelly to be used.

Again though, this state has the ability to grab hold of fed tax $’s and hide that reality from the other 49 states.


14 posted on 06/25/2012 4:35:35 PM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: Grampa Dave
for every $14 round trip ticket sold, the public has – or will – kick in nearly $100

It's not just ferries. That's a typical subsidy for all public transportation. Fares usually only cover 10 to 15% of the costs.

Total cost is an extremely honest indicator of total energy resources consumed. If it costs 10 times more per passenger than driving an SUV, it is using 10 times more total energy and creates about 10 times more total pollution. Real green costs less, not more.

15 posted on 06/25/2012 4:41:52 PM PDT by Reeses
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To: DallasDeb

If not, why are you posting to this thread?


16 posted on 06/25/2012 4:44:22 PM PDT by Misterioso (It is futile to fight against, if one does not know what one is fighting for. - Ayn Rand)
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To: Grampa Dave

If we only count 5 workdays per week times 52 weeks, we get 260 days per year. At 100,000 annual passengers (presuming that figure is for round trips and not one way trips) that means that the daily workday level of round trip passengers is only 385 people per day. It gets even worse if one uses a 7 day week. What an amazing waste of money.


17 posted on 06/25/2012 5:00:00 PM PDT by CdMGuy
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To: nascarnation
But let me tell you I’m SHOCKED that CBS/Chron are reporting on them.

You must start to think like a liberal. They're probably quite proud of the subsidy -- probably see it as evidence of social sophistication or some such nonsense.

18 posted on 06/25/2012 5:12:51 PM PDT by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: BfloGuy

The tone of the article is pretty snarky.

Maybe they’re unhappy all this money went to ease the commute of rich white people instead of something really important like “mass transit” or “climate change”.


19 posted on 06/25/2012 5:18:41 PM PDT by nascarnation
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To: Reeses

A good part of the costs are the union worker’s wages, pensons and healthcare. SF Muni drivers are the highest paid in the nation.


20 posted on 06/25/2012 5:25:17 PM PDT by Rusty0604
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To: Reeses

A good part of the costs are the union worker’s wages, pensons and healthcare. SF Muni drivers are the highest paid in the nation.


21 posted on 06/25/2012 5:27:35 PM PDT by Rusty0604
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To: Grampa Dave

Socialism works great until you run out of everyone else’s money.

Socialism == Fairness == You must pay more


22 posted on 06/25/2012 6:05:39 PM PDT by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: Reeses

“It’s not just ferries. That’s a typical subsidy for all public transportation. Fares usually only cover 10 to 15% of the costs.”

Thanks for this.

A younger relative agreed with your data and he said that 10% was average re fares covering the real costs.


23 posted on 06/26/2012 8:48:26 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: CdMGuy

“If we only count 5 workdays per week times 52 weeks, we get 260 days per year. At 100,000 annual passengers (presuming that figure is for round trips and not one way trips) that means that the daily workday level of round trip passengers is only 385 people per day. It gets even worse if one uses a 7 day week. What an amazing waste of money.”

It seems whenever the liberals at all levels of government get involved in any funding of anything, it is an amazing waste of of our tax $’s.


24 posted on 06/26/2012 8:51:33 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: CdMGuy; glorgau

“If we only count 5 workdays per week times 52 weeks, we get 260 days per year. At 100,000 annual passengers (presuming that figure is for round trips and not one way trips) that means that the daily workday level of round trip passengers is only 385 people per day. It gets even worse if one uses a 7 day week. What an amazing waste of money.”

Apparently, this heavily funded fairy, er ferry, had free passage for a while and many of the riders were unemployed and took a free roundtrip cruise funded by tax payers.


25 posted on 06/26/2012 8:56:33 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: Misterioso

“If not, why are you posting to this thread?”

Thanks for commenting about an interesting facit of FR, where/when people, who aren’t interested in a post/subject and take time to post that they weren’t interested.


26 posted on 06/26/2012 8:59:01 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: Secret Agent Man
Your comments are right on target and need no additions:

Socialism works great until you run out of everyone else’s money.

Socialism == Fairness == You must pay more!

27 posted on 06/26/2012 9:02:18 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: Secret Agent Man
Your comments are right on target and need no additions:

Socialism works great until you run out of everyone else’s money.

Socialism == Fairness == You must pay more!

28 posted on 06/26/2012 9:05:02 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: Secret Agent Man
Your comments are right on target and need no additions:

Socialism works great until you run out of everyone else’s money.

Socialism == Fairness == You must pay more!

29 posted on 06/26/2012 9:05:13 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: glorgau

LOL!!


30 posted on 06/26/2012 12:41:59 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Misterioso

Ida no. Just because I can? Gimmee a break!


31 posted on 06/26/2012 3:27:46 PM PDT by DallasDeb (usafa06mom)
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To: DallasDeb

I heard that one cent of all Calif sales tax goes to the transit sytems of LA and SF.


32 posted on 06/26/2012 3:33:22 PM PDT by Hillarys Gate Cult (Liberals make unrealistic demands on reality and reality doesn't oblige them.)
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To: DallasDeb
Gimmee a break!

I will if Grampa Dave will. :•)

33 posted on 06/26/2012 7:32:31 PM PDT by Misterioso (It is futile to fight against, if one does not know what one is fighting for. - Ayn Rand)
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