Ocean City officials are considering whether to add one or two dollars to the $3 Boardwalk tram fare next summer to help cover the substantial cost of buying new equipment.
Mayor Rick Meehan and three councilmen who sit on the Transportation Commission suggested earlier this month that increasing the tram fare could be a way to cover the cost of replacing or refurbishing the 17-year-old fleet. The estimated replacement costs range from $1.7 million to $4.5 million.
But whether the committee proposes that idea to the council will depend on what Budget Manager Jennie Knapp finds as she considers what impact the higher rates might have on revenue and tram ridership.
“There are three types of fares: the all-day pass, the discount card and the straight fare,” she said. “We have to track the growth of each one before we make a recommendation.”