The agreement guarantees the county a minimum of 1.3 million Norwegian Cruise Line passenger moves annually. This Minimum Annual Guarantee is expected to generate approximately $24 million in gross revenues starting Fiscal Year 2018, with an increase of 3% percent annually throughout the life of the agreement.
With the increase in cruise calls, approximately 155 new direct full-time jobs will be created.
The new cruise terminal will accommodate vessels carrying 5,000 passengers. A ground breaking ceremony will take place on Thursday, April 26th. The construction of the terminal is expected to be completed in 2019.
Norwegian Cruise Line assigned the construction of the new terminal project to the Miami-based firm of Bermello Ajamil & Partners.