Rochester, NY. Business. Politics. Sports.

Monday, July 25, 2005

Smooth sailing for the fast ferry


So far, so good for the Rochester/Toronto fast ferry. After well documented struggles in its initial year, the ferry is having a solid second year. Contrary to what some believe, ridership was strong in year one. Unfortunately, the ownership was so financially inept that they couldn't pay their startup costs and were counting on handouts that didn't come. Luckily, it's better backed for round two. Businesses are never profitable off the bat, it takes time. The ferry now has a reasonable business plan.

This is good news for the Rochester area. The ferry is a luxury boat. It may be more expensive for some (assuming a large group would drive), but it's less stressful and less expensive than flying. It's especially beneficial in my eyes because I can go as a walk on to Toronto and bypass hefty parking fees downtown. Folks from Toronto are using the ferry to discover local festivals, the Finger Lakes, and to save time when driving further south.

While they aren't sailing full boats yet, ridership continues to build. There are sellouts in August due to Yankees games. I suspect weekend voyages will come close to selling out also. Toronto now has a nice terminal also. Things seem to be coming together for this project. It's a great thing, as lots of hard work has gone into the ferry.

Tuesday, July 05, 2005

Is the NHL strike almost over?

Rumor is that a new collective bargaining agreement will be reached in the next week or so between the players and the union. Terms will likely include a $39 million salary cap and a luxury tax for teams above $30 million.

While the players gave up a lot, these terms are positive for the sport. Almost all teams are in the $30 million range now. So the playing field should be level. The NHL will have to be patient in getting fans back. However, I am optimistic about the potential terms.