Item No. _8f_supp__
Date of Meeting: _October 28, 2025 __

Terminal 91 Cruise Facility Lease Agreement

Linda Springmann, Director Cruise Business
& Elliott Bay Operations

Terminal 91 Cruise Facility Lease Agreement
• Present the outcome of an RFP conducted this summer for
Terminal Operations at our T91 Cruise Facility
• Request Commission authorization for the Executive Director
to execute a Lease Agreement with Pacific Cruise Ship
Terminals LLC (Metro Cruise) for Smith Cove Cruise Terminal at
Pier 91.

2

2026 Highlights
Sailings
• 330 total vessel calls
•

235 calls at Pier 91

• 10 Cruise brands
•

8 Cruise brands at
Pier 91

• 16 Homeport vessels
• Two New Homeports
MSC Poesia & Virgin
Voyage's Brilliant Lady

Passengers

Economic Impact

• 2 million total
• $1.2 billion in total
estimated revenue
business output
passengers
• 5,120 total jobs
• 5.25% increase from
supported
2025
• $328 million total
employee compensation

3

Competitive Bid Process
• Four proposals were received.
• Based on the ini al ra ngs received for each criterion, all four
proposers were shortlisted.
• All were provided with an opportunity to respond to follow-up
questions and submit a best and final financial proposal.
• Review Panel of five Port participants representing Cruise, Finance,
Environmental & Facility Management with Legal advisor.
• Operational Approach was the most important factor and was
followed by Financial Proposal, Management Approach, and
Environmental Stewardship.
4

Term

Five years with an option to extend five additional years at
port's discretion

Percentage Rent

Tenant shall pay the port 93.5% of the port directed cruise
fees (passenger fee and dockage)

Flow Through Event
Revenue
Tenant's Additional
Responsibilities

Tenant grants the port an event license.
Tenant shall pay port 50% of flow-through event revenue
Taxes, insurance, operating expenses, utilities, maintenance
& repairs, and any other cost associated with tenant's
operations
Tenant maintains corporate surety bond, letter of credit, or
other security in the amount of $5,000,000
Green Lease Terms that are now standard to Maritime lease
are incorporated

Security
New to Cruise
Terminal Lease

5

Thank you

6