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MSC Cruises' Galveston deal may be getting sweeter

The Port of Galveston's fourth cruise terminal is being built at Pier 16, where MSC Cruises' long-term deal may be getting a parking-related sweetener
Today's Galveston Wharves Board meeting will consider a proposal to pay MSC Cruises $2 per day for each vehicle parked by an MSC customer.

This would commence when MSC's cruise operations begin at the Port of Galveston in November 2025.

Thereafter, there are potential 3% increases in the daily amount every five years should the port raise the parking rates it charges MSC customers in the preceding five years. If there's no increase, the daily amount paid to MSC does not go up.

Sweetens long-term agreement

If approved, this sweetener adds to the terms for MSC Cruises' long-term agreement, inked in February, for Galveston's fourth cruise terminal.

The port is developing a $100m facility from a former cargo warehouse, a $42m parking garage, internal roadway and other improvements for the new Terminal 16.