Huge impact seen from Royal Caribbean terminal, office bonds

Written by Miami Today on April 4, 2023

Miami-Dade commissioners were poised to vote this week to issue $905 million in seaport revenue bonds for construction of a county-owned cruise terminal for use by Royal Caribbean Cruises and expansion of the corporation’s campus on PortMiami land.

A memo to commissioners from Mayor Daniella Levine Cava said the project would have a $2.7 billion positive net fiscal impact to the county over the lease term and add 12,000 cruise-related jobs, including 1,000 more on the cruise company’s seaport campus.

 

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