SSA members renew Park ‘n Ride deal

The Steamship Authority (SSA) members have agreed to renew the boatline’s agreement with Tisbury and the Martha’s Vineyard Regional Transit Authority (VTA) to fund shuttle service between the Vineyard Haven Terminal and the Tisbury Park ‘n Ride lot for 2012. Members met Tuesday, December 20, in Woods Hole. Boatline general manager Wayne Lamson released a report of the meeting.

The boatline reimburses the VTA 50 percent of labor and fuel costs plus $200 a month for maintenance, insurance and other indirect costs.

Members changed the time that preferred-space reservations will go on sale in Nantucket, making it earlier to ease congestion in the ticket office on the distant island. They deferred a decision on the same issue for the Vineyard. The members decided they need more “input” from the public before making a change for Vineyard customers. Preferred-space purchases begin at 8 am now. The SSA has proposed to change the start time to 7:30 am.

Members also agreed to a 2012 deal for Martha’s Vineyard Regional High School District transportation. The arrangement establishes a fixed price, representing about a 50 percent discount, for travel by student groups, teachers, administrators, and game officials on official business. The total value of the deal is $60,000, the same as last year.

The boatline sold $6 million of Steamship Bonds to J.P. Morgan Securities LLC of New York at an interest rate of 1.734 percent.

New Bedford boatline member John A. Tierney will become SSA chairman next year. Flint Ranney will be vice chairman, and Robert L. O’Brien of Barnstable will be secretary.