Miami-Dade Reaches Deal to Build New Ship Terminal

June 29, 2016

Royal Caribbean Cruises and Miami-Dade County announced Tuesday night that they have reached a deal to build a state-of-the-art cruise terminal, one of the biggest in the country, at PortMiami. The Miami-Dade County Commission will vote on the agreement on July 6 before it becomes final.

The new 170,000 square foot cruise ship terminal is estimated to cost $247 million, the majority of which will be financed by Royal Caribbean,  and generate $7.5 million in annual rent for the county.

Once completed in late 2018, the new terminal will serve as homeport to Royal Caribbean International ships, including a 5,400-passenger Oasis-class ship.

Miami-Dade County Mayor Carlos Gimenez said the partnership is expected to generate 4,000 jobs and add an economic impact of $500 million.

Broadway Malyan has been selected as the firm to design the new terminal, after a global competition was held between five of the world’s leading architectural firms. The firm was selected because of their creative thinking and cutting-edge design.

In addition to the new terminal, Royal Caribbean is building a 20,000 square foot Innovation Lab at its corporate headquarters in the area.

PortMiami is the world's largest port based on passengers, counting nearly 4.9 million in 2015. Royal Caribbean currently welcomes 750,000 passengers in PortMiami every year. Upon the completion of the new terminal, Royal Caribbean will bring in an additional 1 million travelers, taking the tally to 1.8 million passengers representing  over 30 percent of the port's projected passenger traffic, up from the present level of 15 percent.