0:41
Bert Stedman
103:43 - 104:24
“The construction cost, Mr. Chairman, is highly— well, I think— Speculative. Speculative is a polite way of putting it.”
- Speaker
- Bert Stedman
- Timestamp
- 103:43 – 104:24
- Transcript
- SFIN-260529-0900
- Community
- Alaska News
- Captured at
- May 29, 2026
From the transcript
Senator Steadman. Yes, so, and we're trying to, we at the committee, we're trying to get some information on the government-backed, I think there's 3 different debt programs. We're trying to get that information, but I know one of them is government bond rate plus 3/8, so 20-year government bond 3/8 is about 5.5%, and half a percent is a significant numeric when you're dealing with billions of dollars. The construction cost, Mr. Chairman, is highly— well, I think— Speculative. Speculative is a polite way of putting it.
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