NYC Ferry costs the city way more than officials had touted, according to an audit by City Comptroller Brad Lander.
Under, NYC Ferry underreported around $224 million in costs, forcing taxpayers at times to pick up the tab.
Taxpayers overpaid Hornblower, the city's partner in the ferry service, $2.8 million more for a vessel than what it was worth. Lander said that money was never returned. "Those docks, that capital equipment, we're going to be using that for 10 to 20 years," de Blasio said. "That is not how you calculate the cost per ride. That is a foundational investment. So I would say I think he missed the forest through the trees."
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