Economy & Business
RSSEconomy & Business in Alaska is the mix of government decisions, contracts, grants and private projects that shape the state's economy. It covers municipal budgets, infrastructure and airport planning, federal grants and contracts, employment trends, and energy development across Alaska.
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Friday, Sep 11
Port Alsworth visitor center gets new parking, trail on former tank farm site
Once there was a fuel tank farm, now there's a parking area and 500 feet of new deer Trail in Lake Clark, national Park and preserve.

A federal rule would let NPR-A drilling spread pad by pad, skipping environmental study
A federal rule would let oil drilling spread across NPR-A pad by pad — each new site fast-tracking the next and skipping the environmental study now required.

A mobile home lot near Abbott Road could become business-zoned
A mobile home lot near Abbott Road would become business-zoned. Nobody objected, and a planner noted such changes can displace mobile-home residents.

Anchorage zoning board approves setback variance for Chandalar Drive home
Anchorage zoning board unanimously approved a variance allowing a Chandalar Drive home to keep an addition that has encroached 1.3 feet into the required setback since 1998

Anchorage zoning board backs letting director approve bigger setback fixes without a hearing
An Anchorage board voted to let the planning director approve building encroachments up to 15 percent without a hearing, tripling the current threshold.

Kodiak assembly weighs $3.85 million grant to replace failing hospital chiller
A failing chiller that supports sterilization at Kodiak's hospital is running at 35 percent, and the borough votes Wednesday on a nearly $4 million replacement.

A Haines ordinance cuts more code than the commission voted to change
Haines commissioners voted to trim one sentence of the land-use code. The draft ordinance deletes far more, including a clause nobody voted on.

Anchorage keeps funding a $5 million median barrier on 5th Avenue
An Anchorage committee kept funding a $5 million median barrier on 5th Avenue, over an objection that the decade-old crash data doesn't justify it.

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Thursday, Sep 10
Juneau's proposed Statter Harbor fee would more than triple operators' costs
Juneau wants Statter Harbor's charter operators to pay about $1.8 million a year, more than triple last year — and they say they can't pass it on.

Juneau water and sewer bills go up 5 percent a year through 2030
Juneau's water and sewer bills go up 5 percent a year through 2030. The utility runs on ratepayers alone, and voters rejected a bond to share the load.

Two Fairbanks rezones could take 32 lots to 99 dwelling units total
Fairbanks is being asked to upzone two residential corridors in five days. Together they would take 32 lots from 34 units up to as many as 99.

Haines Highway paving means 20-minute waits through Sunday
Paving on the Haines Highway means waits up to 20 minutes through Sunday, and Klukwan drivers have to change entrances partway through Saturday.

Kenai's airport expects to reopen its main runway around Sept. 21
Kenai's airport expects to move flights back onto its rebuilt main runway around Sept. 21, ending four months of landing planes on a taxiway.

Southcentral is 3 Bcf short this winter, and producers told lawmakers the gas runs out in 2029
Southcentral Alaska faces a natural gas shortage by winter 2029 unless it imports liquefied natural gas or taps North Slope supplies, Hilcorp and Chugach told lawmakers Thursday.

Oil above $101 puts Alaska's budget on a war in the Persian Gulf
Every dollar oil moves is worth about $35 million to Alaska's treasury. Brent closed above $101 Wednesday, up more than half from a year ago.

North Slope oil is running below the state's forecast so far, and the price is running above it
Alaska's oil is flowing below the state's revenue forecast while the price runs above it. The two effects roughly offset, and the year is only ten weeks old.

About Economy & Business
Economy and business in Alaska is the mix of government decisions, contracts, grants and private projects that shape the state's economy. It is the broad subject that holds narrower topics such as business, energy, oil and gas, mining, aviation and tourism.
Much of it runs through public bodies, with municipal assemblies approving contracts and planning decisions, state agencies leasing land and selling gravel and rock, and AIDEA lending to industry. Recurring questions concern infrastructure such as harbors, airports, roads and water and sewer lines, along with housing and zoning rules, energy supply, labor contracts, federal grants and military construction.
Its decisions reach every part of the state, from Anchorage and the Mat-Su to Kodiak, Cordova, Haines and the North Slope. Federal and military spending, resource development and Alaska Native corporation ventures all feed into the economy.
More from Economy & Business
Delta Junction inventor wins design patent for sports bra with built-in neck guard
A woman in Delta Junction, population 918 at the last census, owns the look of a sports bra with a built-in neck guard for the next 15 years.

Kodiak's manager wants to sell lakeside land. Its planners say keep it.
Kodiak's borough manager applied to sell land near Beaver Lake. The borough's own planning staff recommend keeping it, calling the ground too wet to build.

Southcentral's gas storage is two-thirds full with winter coming
Southcentral's gas storage is two thirds full heading into winter, and one field shuts down for maintenance starting Monday.

Skagway Ferry Terminal Set to Reopen After 26-Day Closure
Skagway's ferry terminal reopens today after a 26-day closure caused by cracked concrete and deteriorated anchor chains, forcing vehicle traffic through Canada during peak season.

No license covers driving a concrete mixer, so this Alaska company teaches it
No license covers driving a concrete mixer, so a North Pole company supplying Fairbanks concrete since the 1950s teaches the whole craft in-house.

Wednesday, Sep 9
Wasilla weighs a plan to nearly double its airport runway
Wasilla wants to nearly double its airport runway in a $279 million, 20-year plan — a bid to serve bigger planes as the Mat-Su Valley keeps growing.

Aleut Ventures opens Frosty Fuels crew and fueling facility at Cold Bay Airport
Aleut Ventures opened a crew facility at Cold Bay Airport this September, adding lodging and ground support as part of a $1.25 million investment in North Pacific aviation infrastructure.

Alaska moves to cap what workers' comp pays for creams and patches
Alaska wants to cap what workers' comp pays for creams and patches — after minor formula tweaks were billed at hundreds or thousands of dollars.

Three Alaska governor candidates agree on the problems, diverge on government's role
Three candidates for governor agreed Alaska faces serious problems but split on solutions at a Tuesday forum. The fourth, Bernadette Wilson, did not attend.

A Fairbanks entrance is closed while crews build a year-round bike path
An entrance to South University Avenue is closed through Monday while Fairbanks builds a 1.8-mile bike and pedestrian path designed for year-round use.

Anchorage weighs $2.8M state payment, most of it for winter shelter
Anchorage cut $1 million in contracted surge shelter beds when alcohol tax revenue fell short. State money would put them back ahead of winter.

Unalaska wants $5 million to pave the road serving America's busiest fishing port
The country's largest fishing port by poundage is served by a gravel road. Paving it is now Unalaska's top request of Congress, at $5 million.

Unalaska makes its failing airport terminal a top funding priority
Unalaska made a failing airport terminal its top request for state money next year, moving it from last on the list to first.

Anchorage wants city land sales weighed by housing, not price alone
Anchorage land sales now come with a written case for the housing they produce. The guidance is nonbinding, but it changes what the Assembly weighs.

Mat-Su moves to lease Port MacKenzie land to an antimony company
Mat-Su is moving to lease 42.78 acres of port land to an antimony company. The commission that recommended it published no minutes or vote count.

Federal record rates Ketchikan's Water Street viaduct 'Poor'
The Water Street viaduct in downtown Ketchikan, carrying 14,000 vehicles a day, is rated poor, but the state is funding only repairs, not replacement.

Two Juneau airport approaches are down, with no FAA timeline to fix them
Two instrument approaches to a Juneau airport runway are out of service, and the FAA has given no timeline to restore them.

Ketchikan borough seeks proposals for Herring Cove neighborhood plan
Ketchikan borough voted to hire a planning firm for Herring Cove, where 55,000 to 60,000 annual visitors overwhelm a site with no sidewalks, restrooms, or bear-proof trash bins.

Homer transfers its ice house lease to Silver Bay Seafoods
The Homer City Council approved transferring the Fish Dock Road ice house lease from OBI Seafoods to Silver Bay Seafoods, catching up to an existing change.

Cordova weighs an $870,000 electrified bear fence for its landfill
Cordova is spending as much as $870,000 to keep bears out of its landfill. A resident says the cattle guards in the design are made for cows.

Anchorage weighs paving and expanding the Basher Trailhead lot
Anchorage would pave and expand the 16-car Basher Trailhead lot to 52 spaces. Staff back it but warn it could draw more cars if parking isn't priced.

Juneau board to hear flood update as barrier upkeep costs climb
Juneau's Utility Advisory Board gets an update Thursday on last month's glacial flood, which damaged 12 homes, as barrier upkeep costs climb.

Matanuska Electric posts its list of $451,000 in unclaimed capital credits
Matanuska Electric says more than $451,000 in capital credits sit unclaimed by current and former members, with one owed roughly $15,000.

The public dock at King Salmon Airport would stay open five more years
The public boat and floatplane dock at King Salmon Airport would stay open under the Bristol Bay Borough for another five years under a state extension.
