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Royal Caribbean International (RCI) announced this week that it will begin building a $100 million cruise terminal at the Port of Galveston\u2019s Pier 10 in April. The cruise giant said it will begin sailing its Oasis-class ship, the Allure of the Seas, from Galveston beginning in November 2022.<\/p>\n
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According to the Port of Galveston, the annual impact from this terminal includes 1,320 new jobs, $60.7 million in personal income, $1.4 billion in local business services revenue and $5.6 million in state and local taxes. It will also generate millions of dollars in direct revenue for the port and the city of Galveston, not including the multimillion-dollar economic impact the cruise industry will have on the local economy once the cruise lines begin sailing again.\u00a0<\/p>\n
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The port will pay the city at least $300,000 a year. Based on passenger volume, the port expects this amount to increase if annual passenger numbers at the new terminal grow beyond 600,000.<\/p>\n
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In addition, the port estimates that port-operated cruise parking sales tax revenue paid to the city will grow to more than $1 million a year when its cruise business is back to pre-pandemic levels. This doesn\u2019t include sales tax that the city receives from privately operated cruise parking businesses.<\/p>\n
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Construction of a third cruise terminal had been put on hold in 2021 due to the pandemic. RCI exercised a contract option to extend its final decision until April 2021. In the meantime, RCI and port staff have continued to lay the groundwork to move forward.<\/p>\n
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It is expected that the agreement to move forward will be finalized in the coming weeks.<\/p>\n
maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":"
Royal Caribbean International (RCI) announced this week that it will begin building a $100 million cruise terminal at the Port of Galveston\u2019s Pier 10 in April. The cruise giant said it will begin sailing its Oasis-class ship, the Allure of the Seas, from Galveston beginning in November 2022. According to the Port of Galveston, the …<\/p>\n","protected":false},"author":1,"featured_media":26163,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[1172,2052,1153,5083,1527,1256],"class_list":["post-26162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-build","tag-caribbean","tag-cruise","tag-galveston","tag-royal","tag-terminal"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/26162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=26162"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/26162\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/26163"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=26162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=26162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=26162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}