Matthew Kissinger
17:04 - 17:47
“Representative Fields asked about these clawback mechanisms at that meeting, and what I said was, I said there— I said, and just to address this clearly, this is my words, and just to address this clearly because I've heard many questions that dance around this, the clawback would be a paid clawback. And there's real important reason for that. If you're moving towards milestones and you're gonna penalize your developer and they miss a milestone and you can just take everything away from them and they can lose everything, They will put nothing into it.”
- Speaker
- Matthew Kissinger
- Timestamp
- 17:04 – 17:47
- Transcript
- Alaska Legislature: JHB381-260626-1400
- Community
- Alaska News
- Location
- Alaska
- Captured at
From the transcript
Representative Fields asked about these clawback mechanisms at that meeting, and what I said was, I said there— I said, and just to address this clearly, this is my words, and just to address this clearly because I've heard many questions that dance around this, the clawback would be a paid clawback. And there's real important reason for that. If you're moving towards milestones and you're gonna penalize your developer and they miss a milestone and you can just take everything away from them and they can lose everything, They will put nothing into it. And this is a $44 billion project that we're building. We need to put the very best work going into it.
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