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.
- Dan Henry agreed to pay more than $600,000 in restitution and serve up to two years in federal prison.
- Alaska Airlines use of the phrase "Meet our Eskimo" in its rebranding campaign has sparked a controversy and new conversation about what “Eskimo” means to Alaska Natives.
- The offer is the latest salvo in a battle between lawmakers, developers and lawyers over the price legislators agreed to for the building in 2013 during a very different fiscal climate.
- The city thinks Hecla's Greens Creek mine may be responsible. The mine says its discharges in the area meet state requirements.