The Municipality of Anchorage is looking to recoup up to $340 million in the two lawsuits it has against contributors to the failed Port of Anchorage Intermodal Expansion Project. Outside municipal counsel Bennett Greenberg said at an Oct. 28 Alaska U.S. District Court hearing in Anchorage that the city hopes to recover a combined $300 million from project manager Integrated Concepts and Research Corp., former port designer PND Engineers and CH2M Hill Alaska, which now owns dock design consultant VECO Alaska.
The cliché that “records are made to be broken” is taken to heart at Alaska Air Group Inc., where yet another record quarterly profit of $200 million was announced Oct. 23. The third quarter adjusted net earnings result is the ninth record in the last 10 quarters for the company that owns both Alaska Airlines and Horizon Air. It is also the 22nd consecutive profitable quarter for the company.
Alaska’s newest ferries will be the first made in the state after all. Gov. Sean Parnell announced an agreement Sept. 20 between the state and Vigor Alaska to construct two Alaska Class ferries at Vigor’s Ketchikan shipyard.