Matthew Kissinger
40:01 - 40:36
“Under the current statutes, this project would have to kick out an extra billion dollars a year to service those property taxes. Now, it's an economic project, but it's not economic enough to kick out an extra billion dollars a year. So this was never a question of, are we giving up a billion dollars? There is no billion dollars because the pipeline just doesn't get built unless we get these barriers out of the way.”
- Speaker
- Matthew Kissinger
- Timestamp
- 40:01 – 40:36
- Community
- Alaska News
- Location
- Alaska
- Captured at
From the transcript
If you go back through the historical record from the Alaska Gas— Stranded Gas Development Act and on, property taxes have always loomed as something that have to be addressed. Under the current statutes, this project would have to kick out an extra billion dollars a year to service those property taxes. Now, it's an economic project, but it's not economic enough to kick out an extra billion dollars a year. So this was never a question of, are we giving up a billion dollars? There is no billion dollars because the pipeline just doesn't get built unless we get these barriers out of the way.
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