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Maid of the Mist, State Reach Deal to Stay Afloat



Niagara Falls, NY (WBEN) A deal has been struck to keep the iconic Maid of the Mist scenic tour boats running from the New York side at Niagara Falls.


The Maid of the Mist Corp. has agreed to invest $32 million in continuing operations that will provide more state revenue through the Niagara Falls State Park. The agreement will also lead to improvements for the global tourist attraction, potentially including rock-climbing and rappelling.

The family-owned tour boat company will make improvements at a former power station nearby to create winter storage and a maintenance facility.

The company will pay the state $105 million over the 30 years under a new license agreement.

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Topics : Business_Finance
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Locations : New York
12/04/2012 1:09PM
Maid of the Mist, State Reach Deal to Stay Afloat
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12/05/2012 7:44AM
Maid of the Mist deal
Sounds like government blackmail to me.
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