Battery Park ferry terminal cost triples

The final price tag of
Battery Park City’s new floating ferry terminal will be $91.5 million,
almost three times what the Port Authority had planned to spend on the
project. The Port Authority recently approved a $22.4 million funding
hike for the terminal, at Vesey Street, which is expected to open in
March. The original cost estimate for the ferry terminal, which will be
large enough to land five ferries at once, was $37.4 million in 2001.

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