The Port of Galveston and Royal Caribbean Cruises Ltd. plan to develop an $85 million terminal -- the third for the cruise-popular city on the Gulf of Mexico.
Port Director Rodger Rees and Royal Caribbean CEO and President Michael Bayley on Wednesday signed a memorandum of understanding.
Royal Caribbean will pay for the new cruise terminal, at Pier 10, with the site expected to open by the fall of 2021. A port statement says the initial lease is expected to be for 20 years, plus four 10-year options.
Carnival Cruise Line and Disney Cruise Line ships also serve Galveston, which has terminals at Pier 25 and Pier 27.
