Saxman Seaport Sale
By Rob Holston
October 07, 2007
The city of Saxman has rejected the State's proposal to purchase
the Saxman Seaport to serve as a ferry terminal for the MV Lituya
connecting to the Waldon Point Road. This "no" vote
is most unfortunate because the location could well be the best
location for the proposed two island inter-tie and also the Pennock
Island and south Gravina Island "Four Island" Terminal.
Saxman is now left with a run-down expensive piece of waterfront
property that produces little income and would require great
investment to become profitable.
It is time for Saxman and the state to re-think this proposed
sale. I suggest a model that may well serve other communities
in similar circumstances:
Saxman should sell to the state;
Proceeds ($25,000,000*) to
be invested by the state PFD Division,
PFD Division pools this amount with other PFD investments,
As with the PFD, Saxman's principal amount would grow &......
Saxman or its residents would receive the extra Dividend(s).
Saxman to require local hire(Saxman
residents)at the terminal,
Saxman to require plans to include restaurant and other retail
space in conjunction with the terminal with lease preference
given to Saxman residents at nominal fees. The result will
be guaranteed extra dividends and guaranteed jobs for Saxman.
*This is a guess at fair market
value for this property, but at whatever amount the selling price
is, I know that the PFD Division does a great job of investment
and disbursement. This plan is a way for Saxman to have their
cake and eat it too, year after year and generation after generation.
Saxman & Alaska, please get back to the bargaining table
with a new plan, perhaps this plan.
About: "PFD recipient
from day "ONE"."
Received October 06, 2007 -
Published October 07, 2007
Viewpoints - Opinion Letters:
Your Opinion Letter to the Editor
Note: Comments published
on Viewpoints are the opinions of the writer
and do not necessarily reflect the opinions of Sitnews.
E-mail your letters
& opinions to email@example.com
Your full name, city and state are required for publication.
Stories In The News