Alaska Journal of Commerce
By: Elwood Brehmer
The Anchorage Assembly is seeking help to determine once and for all if it really needs to spend roughly $1.9 billion to rebuild the city’s deteriorating port.
Assembly member Christopher Constant, who has started a reexamination of the Anchorage Port modernization program as co-chair of the Assembly’s Enterprise and Utility Oversight Committee, summed up reaction to the potential price of the port project at a March 21 Assembly committee meeting.
“We need to look closely to figure out if there’s cost savings. Sticker shock doesn’t even get near the level of shock,” Constant said of the $1.9 billion estimate to replace and upgrade the port’s cargo, petroleum, cement terminals and other facilities.