GALVESTON — The Port of Galveston’s governing board Monday approved a five-year agreement with Royal Caribbean Cruises that would generate a minimum of $1.86 million in annual operating revenues for the public docks.
The deal is predicated on the port making about $10 million in improvements to Cruise Terminal No. 2. While the agreement guarantees revenues for the port, it doesn’t guarantee the ship calls that benefit the larger island economy.
Still, Royal Caribbean said the agreement would mean more island sailings this year and next and also promises to bring a larger vessel to Galveston if the port made improvements to Cruise Terminal No. 2 to accommodate more passengers.
Click here to read more at the Galveston County Daily News.