December 14, 2007

 

PUBLIC HEARING SET ON PROPOSED INCREASE IN
2008 SPECIAL EVENT LARKSPUR FERRY FARES TO AT&T PARK

On December 14, 2007, the Golden Gate Bridge Highway and Transportation District (District) Board of Directors authorized setting a public hearing at 9:00 a.m. on Thursday, January 10, 2008, in the Board Room of the Golden Gate Bridge Toll Plaza, Administration Building, to take public comment on a staff proposal to increase the Special Event Ferry fare between the Larkspur Ferry Terminal and AT&T Park to $7.50 from the current $7.00, effective March 1, 2008. The fare increase is in response to the need to raise operating revenues to meet operating expenses.

The District requires that fares be set to generate sufficient passenger revenues to cover the cost of providing the Special Event Ferry service. The current fare of $7.00 one way was set in 2005. The need to increase fares for this service is presented in this report since the first home game for the San Francisco Giants baseball team is March 28, 2008.

District staff estimates it will cost approximately $510,000 to operate Special Event service to 80 Giants home games in 2008. Therefore, in keeping with the goal to “break even” and with an estimated average ridership per ferry trip of 425 passengers, the price of a one-way ferry fare ride would be $7.50.


 
CURRENT 2007
SPECIAL EVENT
ONE-WAY FARE
PROPOSED 2008
SPECIAL EVENT
ONE-WAY FARE
Larkspur–AT&T Park
$7.00
$7.50

No discount fares are offered on Special Event Ferry Service. A Special Event Fare is not required for up to two children, ages 5 and under, per fare-paying adult as they travel for free.