About Arthur Imperatore Sr.
Arthur Edward Imperatore Sr. was an American businessman and sports owner from New Jersey. He was best known as being the founder and president of the NY Waterway, a ferry service. After serving in the United States Army Air Corps in World War II Imperatore founded, with his brothers, A-P-A Transport Corp. He purchased the Colorado Rockies hockey team in 1978 and sold it in 1981. That same year he purchased waterfront land at Weehawken, New Jersey, with the intention of constructing a residential development. Imperatore set up a passenger ferry service to support this development and that grew into NY Waterway which ran 36 ferries. There were as few as five passengers on the first trip and the ferry was derided as "Arthur's Folly". In 1981 Imperatore purchased a 2.5-mile (4.0 km) length of waterfront in Weehawken and West New York from the bankrupt Penn Central railroad for $7.5 million.
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