The Juneau Assembly tonight (Monday) is expected to approve an ordinance authorizing up to $29 million dollars in Port Revenue bonds.
That’s just a portion of the total cost needed to complete two floating Panamax cruise ship berths on the downtown waterfront.
The bonds would be issued for 19 years. The debt on them would be paid with a portion of the CBJ’s Port Development Fee.
The entire project is estimated at $88.1 million dollars, with just under $60 million of it coming from the local and state fees charged to cruise lines.
The Assembly meets at 7 o’clock and can be heard live on KTOO-FM.
- Authorities re-routed traffic on Egan drive for a half hour after a two-vehicle collision Saturday.
- A French ship docked in Unalaska is bound for Nome, where the crew will lay fiber optic cable.
- Columbia Ferry breaks down and strands tourists in Petersburg.
- Gov. Bill Walker has signed legislation he says will provide more timber for Alaska’s mills. But it probably won’t be that much of an increase.