The Port of Galveston and cruise company Royal Caribbean have agreed to partner in developing an $85 million cruise terminal, the port announced Tuesday.

The two groups are set to sign a memorandum of understanding Wednesday. The agreement will set out the general terms for a long-term deal to develop and operate the new terminal, which would be the third cruise terminal for the island.

According to local officials, the new terminal will be a “game-changer.”

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