Alaska Dispatch News
By: Devin Kelly
The city of Anchorage has reached a settlement with one of the parties in an ongoing lawsuit over the botched Port of Anchorage expansion, a $5.5 million payout that officials hope is a first step in recovering many millions more.
Documents submitted to the Anchorage Assembly earlier this month describe the settlement between the city and MKB Constructors, which worked as a subcontractor on the expansion project with Quality Asphalt Paving Inc. The Washington-based company was mainly responsible for driving steel sheet piles into the floor of Cook Inlet to create the base of what was to be an expanded, upgraded port.
The project ultimately cost more than $300 million and resulted in a half-finished, unusable new dock. Construction stopped in 2010, and the city has sued the private companies involved in project design and construction, including MKB.
Read Full Story Here: