Prepared by an interested islander (Sam Ballard < firstname.lastname@example.org>) and is not under consideration by CTC. 8/24/11
Results: Land in all tides at Cousins (with extension) and the Stone Pier. Round trip traffic between the island and the mainland with a single car is now possible.
Over the winter months, determine if a viable financial model may be developed that would support ferry construction and fabrication of landing sites at Cousins and the Stone Pier. Analysis to date indicates that it may be.
Fares used for this analysis are half that used for the Peaks to Portland as that distance about twice ours. On that basis, our fares are $18 per round-trip for winter eight months, $31 for the summer.
Trips per 8-hour day: 16
Days per month: 30
Cars per ferry: 12
Round trips per year: 16X30X12 = 5760
Gross revenue for car ferry for 2009 would have been: $1,543,680.00
Assume operating expenses: $983,804 (CTC 2009 plus an additional $80,000 for fuel)
If every trip is used with full load; Net is: $559,876.
If half load used: Net is $279,938
Blount Boat Works estimate: $1,100,000
Net revenue may be sufficient to pay off a single ferry with in two to four years.
Only one car needed for mainland commuting.
Maintaine cars on mainland.
Single vehicle ambulance service.
Bus service to multiple school sites.
Access to mainland service suppliers – fuel oil, building supplies, etc.
Eliminate parking lot bus service
have access. All others require resident and/or company approval.
Overall funding plan