Florida & Gulf Coast CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Port Canaveral Expanding Cruise Terminal
Port Canaveral is set to expand Terminal 5 with a $69 million renovation to accommodate larger cruise ships and growing passenger volumes. The project will expand the existing 90,000-square-foot terminal to 170,000 square feet. Terminal 5’s expansion will include expanded security screening, a new VIP area, an expanded luggage area, a relocated federal inspection station for U.S. Customs & Border Patrol and more general seating for passengers.
It’s part of a $500 million long-term plan to improve the port’s landside and waterside infrastructure and expand capacity and capabilities across all aspects of its business operations.
Within a five-year planning window, the program includes large-scale, high-value critical infrastructure projects associated with new cruise ship arrivals, modernizing and expanding cargo berths and bulkheads, upgrading facility maintenance, deploying new technologies across a spectrum of operations and renovating the Port’s recreational facilities like Jetty Park.
- ◦Development
- ◦Financing