Anchorage asks for $600M to help rebuild port, but state legislators say it’s no sure thing

Anchorage asks for $600M to help rebuild port, but state legislators say it’s no sure thing

By James Brooks, Emily Goodykoontz
Anchorage Daily News

Anchorage Mayor Dave Bronson traveled to the state Capitol last week with a big request: $600 million to help rebuild the Port of Alaska.

As recently as last year, that kind of request would have been outlandish, but a wartime surge in oil prices has Alaska expecting billions in new revenue. But despite the state’s improved financial picture, members of the House and Senate say the state’s largest city isn’t likely to get what it’s asking for.

“I don’t think we will get that,” said Rep. Andy Josephson, D-Anchorage. “I think we could theoretically afford that if oil prices stay as high as forecasted, but I think that if (the port) got $200 million to $300 million for (the next fiscal year), we’d have to mark that as a win.”

Read full story here:
https://www.adn.com/politics/alaska-legislature/2022/04/25/anchorage-asks-for-600m-to-help-rebuild-port-but-state-legislators-say-its-no-sure-thing/