Large cruise company to buy up Skagway rail access
June 14, 2018
JUNEAU, Alaska (AP) – One of the world's largest cruise companies plans to buy a railroad used to carry summer tourists between the Alaska community of Skagway and Carcross in Canada's Yukon.
Carnival Corp. announced Thursday that it plans to buy the White Pass and Yukon Route rail and port operations from Ontario-based TWC Enterprises Ltd.
TWC said the deal is worth $290 million, with debt, taxes and other liabilities to be deducted.
The deal is expected to close July 31. It includes 67.5 miles of railway, a port and a gift shop and other real estate in Skagway.
Carnival also signed an a...