Cross-Bay Ferry revenues health enough that money is flowing back to taxpayers

Although some transit supporters have downplayed its relevance, the Cross-Bay Ferry has some positive news to share. Officials with the ferry announced Thursday that for more than a month, revenues from ticket sales and concessions have surpassed the initial $150,000 fee guaranteed to Seattle-based HMS Ferries, with all that profit flowing back into the four local governments that put up a total of $1.4 million in seed money to fund the public-private partnership. The Cross-Bay Ferry began operations in November and is…