Juneau Assembly expected to approve $29 million in port revenue bonds

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.

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