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New Charleston cruise terminal means $43 million - Live5News.com | Charleston, SC | News, Weather, Sports

New Charleston cruise terminal means $43 million

CHARLESTON, S.C. (AP) - A new study says a new cruise terminal in Charleston will pump $43 million into the economy and create more than 300 jobs during construction.

The study was released Wednesday from the Center for Business Research at the Charleston Metro Chamber of Commerce.

The State Ports Authority plans to renovate an existing building for the terminal just up the Cooper River from the state's current, aging terminal.

Construction is expected to be finished sometime late next year.

Tourism is an $18 billion industry in South Carolina. A study conducted last year for the authority found the cruise industry means $37 million to the economy each year.

Copyright 2011 The Associated Press. All rights reserved.

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