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Article: Hoping his ferry will come in: Despite giving up his license to operate Bay Shore Ferry to Fire Island, Ned Hurley says the idea isn't dead.
- Article from:
- Newsday (Melville, NY)
- Article date:
- July 3, 2006
CopyrightCOPYRIGHT 2006 Newsday. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Daniel Wagner
Jul. 3--It took Ned Hurley five years to get a ferry license, and only three years to give it up. Today, his 6-acre Bay Shore property is once again a parking lot and marina; the large boat moored there belongs to his competitor, Fire Island Ferries Inc., which has regained its monopoly on transporting passengers between Bay Shore and Fire Island.
Hurley, a former Manhattan hedge fund manager and current Fire Island resident, says he fought tooth and nail against regulatory challenges and business pressure stemming from entrenched competition and a tight-knit community. But in the end, Bay Shore Ferry Inc. never turned a profit - ...
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