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Galveston Wharves Signs $142M Cruise Terminal Deal
Galveston Wharves will soon start work on a $142 million homeport for MSC’s Seascape ocean liner. It will be the port’s fourth cruise terminal. The port will convert an existing cargo warehouse into a 165,000-square-foot cruise terminal. Along with roadways and other improvements, the terminal will be funded with port cash reserves and revenue bonds.
MSC Cruises and Galveston Wharves struck a 20-year agreement for this new terminal, though the port is free to negotiate with other cruise lines to use the facility when it’s available. The cruise ship can begin operation at the terminal in November 2025.
The cargo warehouse that’s the center of the redevelopment became available when its previous tenant – Del Monte Fresh Produce Co.- outgrew the facility and relocated to the port in Freeport, Texas.
In 2023, Galveston committed to invest $53 million into its existing facilities to accommodate Carnival Jubilee and help boost its profile to other cruise lines.
- ◦Development