According to the Palm Beach Post, the new owners of the Palm Beach Princess is having difficulty raising the $500,000 security deposit required to operate out of the Port of Palm Beach. The cruise ship is the second biggest tenant, behind Tropical Shipping. The Princess has a $185,000-a-year lease.
The Town of Palm Beach has questioned the viability of the port and their efforts to expand when they have lost money every year for the last several years. Losing the cruise ship would be another big economic blow to the Port of Palm Beach.