- Norwegian Cruise Line Holdings Ltd (NYSE: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.
- Photo Via Company
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The burgeoning recreational marijuana industry – illegal at the federal level yet legal for adults in some 18 U.S. states and Washington DC – has faced multiple challenges throughout the years, mostly because of the Schedule 1 status of the cannabis plant.
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