JOURNAL ARTICLE

Billionaire Steve Cohen Wants NY to Expand Taxpayer-Backed Ferry.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Cattan, Nacha 3 of 3

Abstract

The article discusses efforts to improve transportation access to LaGuardia Airport and Citi Field in Queens, New York, particularly during major events. Hedge fund billionaire Steve Cohen, owner of the New York Mets, is advocating for the extension of the NYC Ferry system to include two new stops near Citi Field, which he believes would help alleviate traffic and parking issues. The letter supporting this initiative was also signed by officials from the New York City FC and the Billie Jean King National Tennis Center, highlighting the area's upcoming developments, including a new soccer stadium and renovations to Arthur Ashe Stadium. The NYC Ferry system, which serves 7 million travelers annually, is operated by Hornblower Group and has faced scrutiny for its taxpayer subsidies and financial management. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/05, pN.PAG
  • Document Type:Article
  • Subject Area:Sports and Leisure
  • Publication Date:2025
  • Accession Number:185602359
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