Norwegian Cruise Line Donates Juneau Waterfront Parcel For New Pier Development

Norwegian Cruise Line Holdings Ltd NCLH is donating its undeveloped waterfront property in Juneau, Alaska, to the native-owned Huna Totem Corporation.
Huna Totem is a long-standing partner and a local leader in Alaska's tourism development.
Huna Totem will develop a new pier and related infrastructure on the parcel and submit plans for the year-round facility before 2022-end.
Norwegian Cruise Line will receive preferential berthing rights at the pier once development is complete.
The future waterfront complex will increase tourism revenue and create employment opportunities year-round.
The cruise company won the competitive bid for the last waterfront parcel in Juneau, Alaska, for $20 million in 2019.
Price Action: NCLH shares are trading higher by 2.79% at $12.90 on the last check Tuesday.
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