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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Thursday, Oct 29
Red Dog Mine is down to one pit, with zinc output expected to fall by nearly half
Red Dog Mine is down to one pit, and Teck expects its zinc output to fall by nearly half by 2028. Higher zinc prices lifted its profits this quarter.

Kinross's Alaska mine output falls 29% as less Manh Choh ore reaches the mill
Kinross's Alaska mines produced 29% less gold and silver last quarter, and each ounce sold cost 46% more. Most of the drop traces to Manh Choh, near Tok.

State proposes a roundabout at Nordale and Peede roads in North Pole
The state wants to replace the stop signs at Nordale and Peede roads in North Pole, an intersection with a history of crashes, with a roundabout.

Alaska proposes excluding fracking, drilling pad costs from oil property tax values
Alaska wants to spell out which drilling costs oil companies can leave out of taxed value, fracking and pads included. A board asked for clearer rules in 2016.

Pelican's hydro plant can keep running while FERC reviews a new license
Pelican's hydro license expired, but federal law lets the plant keep running while FERC weighs a new one. An environmental review is due in January.

Alaska starts scanning its drill core archive with light beyond what the eye can see
Alaska keeps about 95 miles of drill core in an Anchorage repository. A scanner that sees far past visible light has started turning it into data.

Kenai Peninsula school board votes Monday on $78.3 million busing deal
Kenai Peninsula school buses would cost about $10 million in a new contract's first year. The district's whole busing budget this year is $7.75 million.

State energy board to vote on nearly $5 million loan for solar at Red Dog Mine
Red Dog Mine makes all its power from diesel and cuts power to parts of the mine in summer. A state board votes Nov. 5 on a nearly $5 million loan toward solar.

More from Economy & Business
EPA proposes lighter methane rules for low-producing oil and gas well sites
EPA wants lighter methane rules for low-output wells, saying 2024 rules could shut up to 200,000. A DOE study says they emit half of production methane.

EPA proposes letting new oil wells flare gas instead of capturing it
EPA proposed letting new oil wells burn off the gas that comes up with their oil instead of capturing it. North Slope fields pump huge volumes back down.

BLM switches White Mountains and Steese to winter snowmobile rules after snow arrives
BLM switched White Mountains and Steese to winter rules Wednesday, opening trails to snowmobiles under 1,000 pounds. Rules run through April 30, though some trails remain unmarked.

Wednesday, Oct 28
Fairbanks' new comprehensive plan won't ban data centers, despite calls for one
Fairbanks' new 20-year plan won't ban data centers, though many comments asked it to. Planners say a ban there is legally problematic; rules would come later.

Borough staff back letting a 1976 Fairbanks duplex keep both homes despite rezoning
Fairbanks officer decides Thursday if a 1976 Birch Lane duplex can keep both units despite now sitting in single-family zoning.

Kenai planners approve Beaver Loop day care and give it two years to open
Kenai planners approved a therapeutic day care on Beaver Loop Road for young children, including kids with disabilities, and gave it two years to open.

Seward's harbor proposes higher travel lift rates and passing card fees to customers
Seward's harbormaster wants travel lift rates up 10% plus inflation in 2027 and 2028 and card fees passed to customers. One lift cable went from $12K to $35K.

Seward city manager floats cutting electric rates instead of property taxes in 2028
Seward's city manager pitched cutting everyone's electric rates in 2028 instead of property taxes, by dropping a $678,000 fee. It came to her that day.

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
Anchorage developers still build parking without a mandate, planners say
Anchorage stopped requiring parking in 2022. Developers kept building it anyway, mostly about as much as before, a city Planning Department memo says.

Cordova to close part of Fourth Street Thursday and interrupt water service to fix a leak
Cordova closes Fourth Street between Browning and Council Thursday at 9am to fix a water leak. Use Davis Avenue as a detour, no end date given for repairs or water service interruptions.

FAA weighs releasing 40 acres of Fairbanks airport land for sale to expand a gravel mine
Fairbanks International Airport wants to sell 40 acres it says it no longer needs for aviation, to make room for a private gravel company. Comments due Nov. 28.

Alaskans have until Thursday to comment on the state's $7.74 billion transportation plan
Got opinions about Alaska's roads, ferries or trails? Thursday at 5 pm is the last chance to comment on the state's $7.74 billion four-year transportation plan.

Alaska Energy Authority board votes Nov. 5 on a new look at the shelved Susitna dam
Alaska's energy authority votes Nov. 5 on a new look at the shelved Susitna dam, saying "time is of the essence" to catch tax credits worth up to half its cost.

Alaska's workers' comp tiebreaker doctors are almost all out of state, new list shows
Alaska's list of doctors who settle medical disputes in workers' comp cases has 52 names. One lists an Alaska address. Forty are based in California.

Fairbanks board approves 8 industrial lots on land split without approval in 1974
This Fairbanks industrial land was split without borough approval starting in 1974. A 2023 rule for innocent owners let a board approve eight lots on it.

State proposes giving North Slope Borough 320 acres in the Brooks Range foothills
The state proposed giving the North Slope Borough 320 acres in the Brooks foothills, a week after proposing it get 583 acres in the Kuparuk oil field.

Willow-area owners ask Mat-Su to let them split 40 acres without building a mile-plus road
Three Willow-area landowners want to split 40 acres into two recreational lots without building 6,800 feet of road. The Mat-Su Platting Board decides Nov. 5.

Contango begins drilling the east end of the historic Lucky Shot gold mine
Contango started underground drilling Oct. 22 on the east end of the old Lucky Shot gold mine's veins, a stretch it says no modern program has tested.

State proposes 50-year Deadhorse Airport lease for an oilfield camp and yard
The state wants to rent nearly 11 acres of Deadhorse Airport for 50 years for a camp and oilfield equipment yard. Rent: about $133,000 a year.

FAA hires contractor to put a $1.6 million roof on McGrath's navigation beacon
The FAA is paying $1.6 million for a new roof on McGrath's radio navigation beacon, even as it drops an airway that ran from it and moves Alaska routes to GPS.

Federal judge hears bid Thursday to throw out Arctic refuge oil leasing and leases
A judge hears arguments Thursday on scrapping ANWR's oil leasing program. Gwich'in and conservation groups sue; Kaktovik, the state and industry defend it.

NOAA closes out its $5.2 million Rainier overhaul at Ketchikan Shipyard
NOAA closed out a $5 million repair order for the survey ship Rainier at Ketchikan Shipyard, clawing back $392,172 in unused funds.

Old Harbor tribe seeks permit for hydro plant to replace the village's diesel power
The Alutiiq Tribe of Old Harbor asked the Army Corps to permit a hydro plant expected to cut 95% of the diesel the Kodiak Island village burns for power.

Comments close Friday on Mat-Su plan setting which roads can get federal money
Public comment on MatSu 2050, the Valley's first federal transportation plan, closes Friday, Oct. 30. Without an adopted plan, the region loses access to federal road, pathway and transit money.

Whittier wins largest federal port grant as Alaska projects take nearly $105 million
Whittier's 73-year-old Army-built dock got $50.6 million for a replacement, the biggest port grant in the country this round. Alaska won the most of any state.

Tuesday, Oct 27
Anchorage Assembly vote could decide whether new housing rules reach quake-hazard zones
The Assembly votes Nov. 4 on letting more duplexes and townhomes into much of Anchorage. Open question: whether that includes the ground that slid in 1964.

Anchorage Assembly takes up rezone for 44 townhomes sitting on land zoned for shops
Forty-four Anchorage townhomes sit on land zoned for shops and offices. The Assembly takes up a fix Nov. 4. The city says no one objected, but one neighbor did.

Haines and Skagway power bills could rise about $180 a month to pay for an undersea cable
Haines and Skagway households could pay about $180 more a month for power under a proposed fund for their undersea cable, the state's consumer advocate says.

Chugach Electric asks Anchorage to zone its Third Avenue utility yard heavy industrial
Chugach Electric wants its 60-year-old utility yard near Third and Post zoned heavy industrial, which would erase a greenway marking. The hearing is Dec. 1.

Assembly takes up industrial rezone for an equipment yard on Laurel Acres wetland lot
A company wants to put an equipment yard on a Laurel Acres lot a city planner says is almost all wetlands. The Assembly takes up the rezone Nov. 4.

State lenders want Seward's first water and sewer rate study since 1993 finished
Seward hasn't studied its water and sewer rates since 1993. A state loan program wants one done, and depreciation puts the utility funds' costs over revenue.

Anchorage water utility seeks up to $675,000 for an expert witness in rate cases
Anchorage's water utility wants up to $675,000 for an expert to argue the return built into your bill. Its manager says rate case costs land on customers.
