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Rochester mayor refuses fast-ferry loan

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Earth_First Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-11-06 12:25 PM
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Rochester mayor refuses fast-ferry loan
Rochester — The city's new mayor rejected an extra $11.5-million (U.S.) loan to keep a financially struggling high-speed ferry on Lake Ontario running Tuesday.

Instead, Mayor Robert Duffy said he will ask City Council to approve transferring $9.5-million in reserves to cover this year's expenses and immediately try to sell the 55-mph car-and-passenger catamaran that travelled between Rochester and Toronto.

http://www.theglobeandmail.com/servlet/story/RTGAM.20060110.wrochester0110/BNStory/National/

It was bound to happen.
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