South Tongass Hiway Ferry
By Rob Holston
March 08, 2010
Back in 2007 Saxman missed an opportunity. Perhaps this is their
second and last chance to take advantage of their strategic location.
The measure failed at that time because the Saxman political
leadership took the position that the waterfront property could
never be replaced once it is sold. I think they can have their
cake and eat it to. The Saxman community should sell the land
necessary (Seaport A or B) for the new terminal for 100% of commercially
appraised value with the following conditions:
- The sales price determined
by commercial appraisal;
- The proceeds of the sale to
be invested via the Ak. Perm Fund;
- Fund managers would pay each
Saxman citizen this additional dividend yearly;
- DOT to plan terminal building
to have retail outlets/concessions to be owned &/or operated
by Saxman citizens.
- DOT would show local preference
in hiring qualified Saxman construction workers.
- DOT to show local preference
hire (Saxman citizens) for all terminal/lot employees.
- DOT to plan parking and traffic
flow to accommodate and encourage further upland development
by the Saxman community.
Discussion: This is a win
win scenario, but does break some new ground and may be precedent
setting. The state would need to be willing to agree to direct
the Perm Fund to manage the investment and disperse the proceeds.
This is not unprecedented in that this similar service is presently
done for college funds.
The DOT needs to be willing
to build a terminal that is designed to accommodate concessions
and other retail space to be provided to local Saxman citizens
or business owners at nominal lease fees. DOT would collaborate
with Saxman & KGB planners to facilitate neighboring parcels
would be strategically located for further upland development
such as a motel &/or restaurant.
Based upon a $4,000,000 sales
price(estimate), a dividend payment of 8% will pay $320,000 per
year additional added to the annual dividend payment to Saxman
citizens. Based upon the past growth history of the Perm Fund,
the Saxman portion would grow and pay into perpetuity. In addition
business & job opportunities would enhance the Saxman economy.
That's having your cake and eating it year after year.
31 year neighbor of Saxman
Received March 06, 2009 - Published
March 08, 2010
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