The Galveston Wharves is in discussions with Royal Caribbean Group to develop of a new cruise terminal at Pier 14. A final development agreement will include terms for the development, financing, construction and operation of the new cruise terminal and cruise berth. Once finalized, a draft operating agreement will be brought to the Galveston Wharves Board of Trustees for approval.
On Aug. 25, the Wharves Board voted to defer a non-binding memorandum of understanding that outlined preliminary terms and gave staff feedback for further negotiations.
Rodger Rees, Galveston Wharves port director and CEO, said, “Royal Caribbean Group has been a great port partner since they first sailed from Galveston 25 years ago. As the first cruise line to build a new terminal at the port, Royal Caribbean partnered with the port to build a terminal that is not only beautiful but also receives great passenger reviews and is environmentally sustainable.
“We’re excited to be included in the company’s expansion plans and will be honored to receive Icon of the Seas, one of the boldest and most exciting cruise ships sailing today,” Rees said.
Regional economic impacts
Galveston’s cruise industry is a major economic engine for local and regional businesses. Cruise operations generate more than 4,547 jobs for Galveston area residents, $733 million in business revenues, $291 million in personal income, and $25 million in state and local taxes.
An economic impact study shows that a fifth cruise terminal will significantly boost the regional economy with the following:
- 1,500 jobs
- $91.5 million in personal income
- $278 million in direct business revenue
- $7.9 million in state and local taxes
