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.
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