Economy

Sealaska’s board of directors has approved a dividend distribution of nearly 12-million dollars to the corporation’s more than 20-thousand shareholders.

The Parnell Administration is trying to explain a proposed 249 percent increase in licensing fees for real estate professionals. The Division of Corporations, Business and Professional Licensing plans to raise the license fee from $275 to $685. Legislators have been getting lots of complaints about the increase. In a House Finance Commerce Subcommittee hearing yesterday…

Routine permit allows mine to use Echo Cove boat launch between November 14 and April 30 if weather creates unsafe conditions in Lynn Canal.

Vancouver-based Quaterra Resources and Grande Portage Resources say they are preparing a drilling plan for 2012.

It looks like the Sealaska land-selection legislation will become part of a larger bill that could be easier to pass. At least that’s the case in the U.S. Senate. Meanwhile, opponents continue lobbying against the measure.

Sealaska has lost some its California casino land to foreclosure. But the regional Native corporation says it won’t hinder the project. The hundred-million-dollar-plus hotel and casino will be built about 85 miles north of San Francisco.