Business & Tech
Steamship Authority Parking Fees, Truck Fares Likely to Rise
The Steamship Authority needs to make up an additional $1 million dollars in revenue next year, and is looking to do it without raising passenger fares.
Be prepared to pay more for parking in Woods Hole and Falmouth next year: The Steamship Authority needs to make up $1 million dollars in revenue to cover additional costs of fuel, medical care and other operating expenses.
According to minutes the SSA released following its regular board meeting this month:
"SSA management is proposing to raise the additional $1,000,000 in revenue by increasing freight rates for trucks over 20 feet in length by 5.25% (which is projected to raise $400,000 in additional revenues) and increasing both the daily parking rates in Woods Hole/Falmouth and the annual cost of Woods Hole/Falmouth parking permits (which are projected to raise $600,000 in additional revenues).
SSA management is not proposing any increase in passenger fares, automobile fares, or excursion fares, and this would be the first increase in freight rates for trucks over 20 feet in length on the Martha’s Vineyard route since 2007."
The Steamship Authority is not planning to raise Nantucket fares. The final budget is expected to be approved at the Oct. 15 board meeting, currently scheduled for 9:30 a.m. at the Katharine Cornell Theatre in Vineyard Haven.
What do you think of the SSA's proposed increases? Tell us in the comments.