Efforts to advance bulk water sales in Sitka have stalled amid missed payments.
Members of the Gary Paxton Industrial Park Board of Directors this week expressed frustration with the delays, but left open the possibility for the interested groups to buy water rights if they come up with the required money.
Alaska Bulk Water Inc. had held water rights to Blue Lake for nearly 10 years. The Daily Sitka Sentinel reports the company’s last contract ended in December and a renewal attempt failed. A more recent proposal involving a second company, Arctic Blue Waters, stumbled after a payment deadline was missed.
Under the arrangement, Arctic Blue Waters was to cover Alaska Bulk Water’s share of a $1.1 million deal.
Fred Paley, the president of Arctic Blue Waters, said his company is depending on a third party for the funds.
