Coastal Link Ferries Feb 19, 2010 15:39:54 GMT -8
Post by Neil on Feb 19, 2010 15:39:54 GMT -8
Feb 19, 2010 14:22:36 GMT -8 @captngm said:
When I was referring to the economic conditions I was meaning that in BC with BCF and TransLink there is little chance a private operator can ever operate at a profit as the traveling public have been conditioned to expect subsidized ferry transport. So it if virtually impossible to charge a fare that will pay the bills.
Any private service is bound to fail until that condition changes.
Well, let's hope "that condition" never does change. BC Ferries is our marine transit system, and a subsidized transit system is essential to the health of coastal communities. Virtually every domestic ferry system and every land transit system that I'm aware of is subsidized, so private ferry entrepreneurs may as well get used to the reality. The public wants it, and it's what we need to function as a society.
I know there's a mindset among business types that you should always admire someone who's willing to put their own money on the line in a business venture, and I agree... to a point. In the case of CLF, it wasn't just one person's money on the line; others were also at risk, and it's possible that the chances of success were not represented entirely accurately to the second party. Also, I would suggest that to start a passenger ferry service to a tiny market like Bowen Island without due diligence, and days after another party started a similar service, was not daring or entrepreneurial; it was simply foolish, and foolish doesn't rate admiration in my book.
Now that the house of cards has come tumbling down, you're seeing blatant misrepresentations of how the business was going being regurgitated by gullible reporters. Is this an attempt to colour the prospects to future investors? One hopes not.
Memo to fargowolf: I already posted that story.