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Ketchikan borough buys mill to end auction

...Development and Export Authority was unable to negotiate a price with the creditor to avert the auction. The state development agency hoped to form a three-way partnership with Sealaska Corp. and Timber Products Co. of Oregon, to supply and...
Alaska Digest

...sell $120 million in revenue bonds on behalf of Fairbanks Memorial Hospital and its expansion plans. AIDEA, a state development agency, will only issue the bonds. The hospital, the main health care services provider for the Fairbanks North Star...
AIDEA writes off $91.3 million

ANCHORAGE - A state agency is writing off $91.3 million it invested in two huge development projects that failed to make money. The board of The Alaska Industrial Development and Export Authority approved an audit Tuesday that writes down about half of its $50 million investment in Alaska Seafood International, a struggling seafood plant in South Anchorage. The agency also took a write down of about half of the $125 million it sank into the Healy clean-coal plant, which operated for a brief test period and has been mired in problems even since. A write down is official recognition of a loan or investment that won't be recovered.
Timber supply key to veneer plant reopening

...the state can provide enough wood to keep the operation running. Representatives of the three parties, the state development agency and Oregon-based Timber Products Co. met in Juneau last week to discuss the possibility of reopening the plant...
Alaska Digest

...drilling in the Arctic National Wildlife Refuge. AIDEA to issue bond to help public broadcaster ANCHORAGE - A state development agency will sell $1.2 million in tax-exempt revenue bonds to help Alaska Public Telecommunications Inc. The public...
Alaska editorial: Thoughts on an idle electricity plant

...eventually bailed out and built its own, slightly larger plant in North Pole, one that doesn't burn coal. The state development agency thinks it has finally lined up a new partner to run the clean coal plant, Homer Electric Association. But Golden...


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