Norwegian Cruise Line Holdings Announces Donation of Waterfront Parcel in Juneau to Alaska Native-owned Huna Totem Corporation for New Pier Development
23 August 2022 - 2:00PM
Norwegian Cruise Line Holdings Ltd. (“Norwegian” or the “Company”)
(NYSE: NCLH), a leading global cruise company which operates the
Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas
Cruises brands, today announced it is donating its undeveloped
waterfront property in Juneau, Alaska to the native-owned Huna
Totem Corporation, a long-standing partner and a local leader in
Alaska’s tourism development. Engaging with other Alaska Native
corporations and community stakeholders, Huna Totem will lead
efforts to develop a new pier and related infrastructure on this
parcel and is expecting to submit plans for the year-round facility
before the end of the year. With this donation, the Company will
receive preferential berthing rights at the pier once development
is complete. The project is expected to bring significant benefits
to every aspect of the local and visitor experience by eliminating
tendering operations, improving traffic flow, and welcoming
visitors to a purpose-built facility. Locally owned and operated,
the future waterfront complex will boost the economy by increasing
tourism revenue and creating employment opportunities year-round.
“We are pleased to be able to donate our
property in the heart of Juneau to Huna Totem Corporation to
develop a new pier and surrounding facilities. Ensuring this
project is fully integrated into the local community is incredibly
important to us, and as we began planning its development, it
became abundantly clear that Huna Totem, owned entirely by native
Alaskans, was the right stakeholder to lead this effort,” said Dan
Farkas, executive vice president and general counsel for Norwegian
Cruise Line Holdings who overseas corporate construction. “Alaska
is an incredibly popular, fast-growing destination, and this
partnership will provide the dual benefit of driving positive,
sustainable economic impact to the region while also ensuring that
the development of the land is done in a way that is respectful and
representative of the rich history and culture of this
community.”
“Huna Totem is thrilled to partner with
Norwegian once again to expand regenerative tourism in Alaska with
the development of a new pier in Juneau,” said Russell Dick, Huna
Totem Corporation president & chief executive officer. “In
following with Huna Totem’s port development model, design and
development of the new destination will reflect our guiding
principles as Native Alaskans while protecting and preserving the
natural beauty of Juneau, empowering our community, and fully
supporting the region’s tourism-based economy.”
The Company originally won the competitive bid
for the last waterfront parcel in Juneau, Alaska for $20 million in
2019. Since then, the Company has been engaging local stakeholders,
including government, business, and community leaders to develop a
plan which will benefit both the city and its various
stakeholders.
About Norwegian Cruise Line Holdings
Ltd.
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH)
is a leading global cruise company which operates the Norwegian
Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands.
With a combined fleet of 29 ships with over 62,000 berths, these
brands offer itineraries to approximately 500 destinations
worldwide. The Company has eight additional ships scheduled for
delivery through 2027, comprising over 20,000 berths.
About Huna Totem
Corporation
Formed under the Alaska Native Claims Settlement
Act of 1971 (ANCSA), Huna Totem Corporation represents more than
1,550 Alaska Native shareholders with indigenous ties to the
community of Hoonah, Alaska, and Glacier Bay. Since opening Icy
Strait Point in 2004, it has welcomed over two million cruise
travelers, and is the single largest employer in the community of
Hoonah. Huna Totem’s port model is globally recognized and has
received numerous awards, including Seatrade’s Global Port of the
Year in 2020, and is #11 on the New York Times, 2022 Top 52 Places
for a Changed World. In addition to tourism, Huna Totem maintains
operations in federal contracting, and natural resources.
Norwegian Cruise Line Holdings Investor
Relations & Media Contact
Jessica John(305)
468-2339InvestorRelations@nclcorp.comNCLHMedia@nclcorp.com
Norwegian Cruise Line (NYSE:NCLH)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Norwegian Cruise Line (NYSE:NCLH)
Historical Stock Chart
Von Apr 2023 bis Apr 2024