ALBANY, N.Y. - A deal has been struck to keep the Maid of the Mist scenic tour boats running from the New York side at Niagara Falls.
Gov. Andrew Cuomo confirmed the deal Tuesday. The deal is a part of a new license agreement with the state. The boat company will pay the state $105 million over 30 years.
Cuomo 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 agreement also will lead to improvements for the 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 a winter storage and maintenance facility.