The port expects a locked-in estimate for the cost of developing Pier 16 into a fourth cruise terminal in a potential public-private partnership with MSC Cruises and Norwegian Cruise Line.
The fact that departure of a longtime tenant from the Port of Galveston was greeted as good news is another indication of how much that vital asset’s fortunes have improved.
The Galveston Wharves Board of Trustees Tuesday took a step toward developing Pier 16, with two major cruise lines peering at the possibility of it becoming a fourth cruise terminal.