Tag: annual revenue

    Parks Commission needs more time for boat tour lease decision

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    From the Niagara Falls Review:

    It has had more than 11 months to pick a winner, but the Niagara Parks Commission says its evaluation team needs more time.

    More than a year and a half after a long-term operator for boat tours at the base of the Horseshoe Falls was originally supposed to be found, NPC officials said Thursday the team making the decision needs another “five or six weeks,” before announcing a winning bidder.

    The deal will be worth a minimum of $5.5 million per year, not including the commission’s share of annual revenue from ticket and souvenir sales.

    Chairwoman Janice Thomson had said she expected to announce who would be awarded a 25-year lease to operate boat tours near the falls by the end of 2011, but she told The Niagara Falls Review the complex process to select a winner is still underway.

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