
Peter Micciche
13:38 - 14:15
"It is nearly 9 times the footprint and 13 times the production capacity of similar projects the small community has experienced in the past. It's a large project. It will require the relocation of our highway since two-thirds of the facility footprint is located on the east side of the highway, one-third on the west side of the highway, the inlet side."
“It is nearly 9 times the footprint and 13 times the production capacity of similar projects the small community has experienced in the past. It's a large project. It will require the relocation of our highway since two-thirds of the facility footprint is located on the east side of the highway, one-third on the west side of the highway, the inlet side.”
It is nearly 9 times the footprint and 13 times the production capacity of similar projects the small community has experienced in the past. It's a large project. It will require the relocation of our highway since two-thirds of the facility footprint is located on the east side of the highway, one-third on the west side of the highway, the inlet side. We're not exactly sure where the highway will have its final location, but we do know that it will bisect Nokiski from the remainder of the peninsula. While we contribute to and absorb the cost, reconnecting subdivisions in the area, and we're supportive.
Kenai Peninsula Borough Mayor Peter Micciche told the Alaska Senate Finance Committee Wednesday that the House version of the Alaska LNG tax bill provides a workable 70% property tax reduction, while the original 90% cut would have left local taxpayers subsidizing the project.

Legislative Finance Division analysis shows the alternative volumetric tax structure in Senate Bill 2001 would generate approximately $124 million annually when the full Alaska LNG project is operational, with Kenai Peninsula Borough receiving $55 million and North Slope Borough receiving $40 million based on capital expenditure weights.
