Posted at: 12/04/2012 2:04 PM
By: Associated Press
A Cuomo administration official says 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 official says 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 official spoke on condition of anonymity because the deal hasn't been publicly announced.
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.