Adam Prestidge
109:35 - 110:30
"it is not a firm commitment that all of the permits must be obtained because that is outside of the scope of the project developer's control. That is outside of 8 Star's control. At the end of the day, if there is a regulatory agency that for some reason declined to issue permits for the Fairbanks Spur Line, we wouldn't want that to jeopardize the tax treatment for the overall project that benefits the entire state of Alaska."
“it is not a firm commitment that all of the permits must be obtained because that is outside of the scope of the project developer's control. That is outside of 8 Star's control. At the end of the day, if there is a regulatory agency that for some reason declined to issue permits for the Fairbanks Spur Line, we wouldn't want that to jeopardize the tax treatment for the overall project that benefits the entire state of Alaska.”
- Speaker
- Adam Prestidge
- Timestamp
- 109:35 – 110:30
- Community
- Alaska News
- Location
- Juneau
- Captured at
- June 16, 2026
From the transcript
And so that does not matter for eligibility under HB 381. The commitments and the conditions, one, are that we would seek to obtain— we would use good faith to obtain all necessary permits and all regulatory requirements for the construction of the spur line. This is a point that we spent quite a bit of time on because it is not a firm commitment that all of the permits must be obtained because that is outside of the scope of the project developer's control. That is outside of 8 Star's control. At the end of the day, if there is a regulatory agency that for some reason declined to issue permits for the Fairbanks Spur Line, we wouldn't want that to jeopardize the tax treatment for the overall project that benefits the entire state of Alaska.
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