How Carnival’s return gives Mobile hope for cruise terminal payoff – AL.com
Twelve years ago, the Carnival Elation set sail out of the Alabama Cruise Terminal for the last time leaving city leaders perplexed and holding the bag on what was quickly shaping up to be a massive waterfront boondoggle.
It would be another five years before the cruise line returned with another cruise ship.
Fast forward to this month, and a light is shining on the finality of the cruise terminal’s debt ahead of Friday’s arrival of the Carnival Spirit. If all things go according to plan for Mobile, the revenue streams during the duration of the Spirit’s stay in Mobile could come close to covering the remainder of the terminal’s debt.
It’s a rapid reversal of fortune for a city that, not too long ago, wondered if it was ever getting a cruise ship back to raise the revenues needed to offset the taxpayer’s obligations on the terminal’s annual bond note of $1.4 million to $1.8 million.
“It’s important to have a ship there,” said Councilman Joel Daves, who chairs the council’s finance…
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source: https://news.oneseocompany.com/2023/10/05/how-carnivals-return-gives-mobile-hope-for-cruise-terminal-payoff-alcom_2023100550968.html
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