News

The City of Rochester, New York, has now rejected the offer by Euroferries for its fast ferry, the Spirit of Ontario, which is currently docked in Nova Scotia.

The Rochester Democrat and Chronicle reports that the city has a new leading bidder on the high-speed ferry, and that city officials say this one has the financial ability to close the deal in 30 days.

Mayor Robert Duffy would not identify the amount of the offer nor reveal the identify the bidder, other than to say it came from an established European operator.

The offer helped buffer the news that talks have broken down with British firm Euroferries Ltd., which pledged to buy the ship for $29.8 million in a deal announced last May. Duffy said the Euroferries offer came with "too many conditions."