Cruise failure leaves Mobile with looming debt

May 5, 2012 • Business

The empty Alabama Cruise Terminal is seen on the Mobile River in downtown Mobile, Ala. on Thursday, May 3, 2012. Carnival Cruise Lines pulled out of the seven-year-old terminal last fall, leaving Mobile with a looming debt problem. (AP Photo/Press-Register, Bill Starling)

MOBILE, Ala. (AP) — The failure of Alabama’s lone cruise port has left the city of Mobile with a looming problem: How to pay for a more than $20 million passenger terminal that’s now used for dances and weddings rather than tourist embarkations.

For years, parking charges and other fees paid by cruisers covered debt payments of about $2 million annually for the Alabama Cruise Terminal. But those funds will run out at the end of the current fiscal year, leaving promoters and city officials only six months to either secure a new cruise ship or figure out another way to pay for the 65,000-square-foot building.

The terminal’s manager, Sheila Login to read more

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