AIDEA Board Approves Conduit Bonds Issuance
ANCHORAGE—The Alaska Industrial Development and Export Authority (AIDEA) Board has unanimously approved a resolution that authorizes AIDEA to issue up to $145,000,000 in conduit revenue bonds to finance a Tanana Chiefs Conference project in various Interior Alaska communities.
Proceeds from the bonds will be lent to Dena’ Nena’ Henash d/b/a Tanana Chiefs Conference to provide funds to pay all or a portion of the costs for acquisition, expansion, renovation, furnishing, and equipping at the Chief Andrew Isaac Health Center in Fairbanks. Funds may also be used for the acquisition, construction, expansion, furnishing, and equipping of health care facilities in Tok, Manley Hot Springs, Evansville, and Northway.
The bonds to be issued are conduit revenue bonds. Neither AIDEA’s credit or resources nor the state’s is at risk in connection with these bonds.
AIDEA has issued over $1.5 billion in bonds since its inception to fund more than 300 projects throughout the state.
Korean Steel Supplier and Gas Buyer Signs Up for Alaska LNG
Glenfarne and POSCO finalized a strategic partnership to supply steel to build the Alaska LNG pipeline and a Heads of Agreement for the Korean manufacturer to buy gas.
Ketchikan Indian Community Launching First Tribal Wellness Center at Salmon Falls Resort
Ketchikan Indian Community acquired Salmon Falls Resort to convert from commercial tourism into the first residential substance abuse detox center in Southeast.
GCI Invests $12M in Cordova Telecom Subsea Cable to Southeast
GCI adds $12 million to Cordova Telecom Cooperative’s FISH in SEAK subsea fiber optic cable to Southeast, expected to deploy in 2027.
Also in this issue: building a company and planning an exit strategy; several ESOPs, and UAS’ foray into a new model for tuition. Enjoy!