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NYC Ferry System Chided by Comptroller for Poor Oversight

  • Ferry overseer underreported costs by $224 million, audit says
  • Development agency takes issue with parts of report by Lander
Commuters disembark a NYC Ferry at Brooklyn Bridge Park in the Brooklyn borough of New York.

Commuters disembark a NYC Ferry at Brooklyn Bridge Park in the Brooklyn borough of New York.

Photographer: Michael Nagle/Bloomberg
Updated on

New York City’s ferry system, cheered by commuters and tourists as a free-flowing travel option, is much more costly than reported and in need of a financial management overhaul, according to a stinging report released Wednesday by Comptroller Brad Lander.

The audit by Lander’s office criticized the system’s overseer, the New York City Economic Development Corp., for spending $758 million on ferries from July 1, 2015 through Dec. 31, 2021, but reporting only $534 million as ferry-related expenses. The review covers oversight of the ferry system during the administration of former Mayor Bill de Blasio; Lander and current Mayor Eric Adams both took office Jan. 1 after winning elections in November.