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.
- The state is granting nearly $300,000 to improve water quality in some of Alaska's most damaged watersheds, including Juneau's orange-tinted Duck Creek.
- More than a third of all the penalties imposed since 1976 were logged last year.
- "You know, we're not talking about some smoky, old wood stove here. We’re talking about high-tech equipment," said Daniel Parrent, a program manager at the U.S. Forest Service.
- "Did you think that ganging together seven different taxes would make it more likely or less likely that any would pass?” asked Eagle River Republican Rep. Dan Saddler.