Bristol Bay season looks like a disaster for salmon fishermen

commercialfishing.jpg It is turning out to be a disastrous year for salmon fishermen in Bristol Bay and western Alaska. The fish runs are erratic and full of surprises, as usual, but sockeye salmon market conditions are so lousy that processors are shutting down and fishermen are pulling out early.

In Sand Point, Trident Seafoods decided to close its plant, leaving only Peter Pan Seafoods buying salmon from fishermen.

City, federal money, volunteer group help Fairview, Mountain View home owners

Two Anchorage neighborhoods received some help this summer from about 500 new friends. High school and college student volunteers participated in a project to renovate homes in Fairview and Mountain View using funds from a U.S. Department of Housing and Urban Development grant.

The Municipality of Anchorage allocated $300,000 of a HUD municipal community development block grant toward purchasing construction materials for the project. Anchorage Neighborhood Housing Services Inc. coordinated applications from home owners for the renovations among other duties.

Evergreen to fly jets to Adak, Russia

Evergreen International Airlines Inc. has been awarded a federal contract to provide jet service to Adak. The $1.5 million annual subsidy announced July 9 also will allow the airline to provide service to the Russian Far East, the company said.

Evergreen was scheduled to begin cargo-only service to Adak July 18 with its DC-9 cargo jet; and combined passenger and cargo service within four months once it acquires a Boeing 727-100 "combi" or similar airplane.

Expanded missile testing program to include Fort Greely, Kodiak

aerospace.jpg WASHINGTON -- The Bush administration wants to greatly expand the number and kinds of testing it believes is needed to build effective missile defenses, and it is willing to spend billions more to do it.

That view was bolstered by a successful test of the system on July 14.

This Week in Alaska Business History July 22, 2001

Editor’s note: "This Week in Alaska Business History" revisits events that shaped our past.

"Those who cannot

remember the past are

condemned to repeat it."

-- George Santayana, 1863-1952

20 years ago this week

Anchorage Times

July 22, 1981

Coal port plan falls through

By Sean Hanlon

Times Writer

Price your home to sell

jeelnickkenLR.jpg Every morning, I review the Multiple Listing Service for all new listings. It’s an easy process and much faster than anything available to the general public. Once I see something a buyer might be interested in, I will alert them via e-mail or call them right away.

After all, some properties are selling very fast -- though some are not -- and the first party to see a property often gets the coveted option of making an offer on that property before it’s sold.

General says it's time Alaska stood on its own economic feet

Anchorage business leaders listened attentively as the commander of Alaskan Command urged them to build and diversify the state’s economy immediately before the current mainstays of oil and federal government appropriations diminish.

Lt. Gen. Norton Schwartz told the July 11 luncheon meeting of the World Trade Center Alaska he was perplexed by the attitude of local people who wanted an enhancement of the quality of life, but expected someone else -- Congress or the oil industry, in particular -- to make it happen.

Around the World July 22, 2001

aroundworld.jpgSTATE

Atlas Air announces purchase of competitor

ANCHORAGE -- Atlas Air has announced it is buying Polar Air Cargo for $84 million, just months after each carrier began laying off pilots and ground workers in Anchorage and other cities because of the slowing U.S. and Asian economies.

Healy coal plant to sit until retrofit offers conventional technology

electric.jpg A $274 million new technology coal power plant at Healy that has been idle since early 2000 will remain shut down for the foreseeable future.

Its only customer, Golden Valley Electric Association of Fairbanks, is refusing to buy power generated from the plant unless modifications are made that will cost an additional $50 million to $80 million.

Ben Stevens tapped for Senate

JUNEAU -- Ben Stevens, the son of Alaska Republican Sen. Ted Stevens, is Gov. Tony Knowles’ pick to replace Drue Pearce in the state Senate.

Knowles said he believes the younger Stevens will "usher in a new positive tone" for addressing Alaska’s problems. He referred specifically to Stevens’ positions on subsistence, a long-range fiscal plan and bridging the urban-rural divide.

"I am heartened with his commitment to bring an independent mind to these issues, to work both sides of the political aisle for what’s best for all Alaskans," Knowles said.

Pollock season outlook positive

commercialfishing.jpg It may be a poor year for salmon, but things are considerably brighter for pollock and cod fishing in the Bering Sea region.

The midyear pollock season opened in June but most processors are just now gearing up, said Frank Kelty, resources manager for Unalaska.

Business Profile: Magic Metals Inc.

Name of the company: Magic Metals Inc.

Established: 1971

Location: 5440 B St., Anchorage

Telephone: 907-561-7663

Major focus of services: Magic Metals Inc. manufactures metal building products, either roll formed, light gauged or folded, for commercial and residential structures.

Wells Fargo's stagecoach pulls in, unloads more banking competition

Just over a decade ago, Northrim Bank opened its doors in a trailer in a Midtown Anchorage parking lot with a handful of employees and total assets that today probably wouldn’t pay the salary of a mediocre professional shortstop.

Now the Anchorage-based bank has grown to about 240 employees, and increased its assets nearly fiftyfold to $560 million.

"We’re no longer the little guy,’’ said Northrim Bank president Marc Langland. "Just the smaller guy.’’

This Week in Alaska Business History July 15, 2001

Editor’s note: "This Week in Alaska Business History" revisits events that shaped our past.

"Those who cannot

remember the past are

condemned to repeat it."

-- George Santayana, 1863-1952

20 years ago this week

Anchorage Times

July 16, 1981

Sohio plans major 5-year expansion

By Deb David

Times Writer

Around the World July 15, 2001

aroundworld.jpgSTATE

Land acquired for new Nome area hospital

NOME -- Norton Sound Health Corp. has purchased a 42-acre parcel to build a long-awaited new hospital.

The corporation, which has eyed a new facility since 1994, bought the land from Alaska Gold for about $900,000, according to Joe Cladouhos, corporation president. Construction on the new hospital, depending on federal funding, could begin between 2003 and 2005 and be completed by 2007.

Busy engineers mean busy builders

If you get the economic weather forecast from people at the leading edge of the economy -- the engineers who design things to be built -- it’s for sunny skies.

When engineers, designers and people who provide services to developers and the construction industry are busy, it means there’s business confidence and new investment coming in, said Mel Nichols, president of DOWL Engineers.

GCI offers plan for rural Net service

telecommunications.jpg Anchorage-based General Communication Inc. has outlined a plan for providing high-speed Internet access for 152 rural Alaska communities by 2004.

As part of GCI’s $15 million project, the company intends to begin offering cable modem service in 2002 in Bethel, Cordova, Homer, Kenai, Ketchikan, Kodiak, Nome, Petersburg, Seward, Sitka, Soldotna and Wrangell.

Bristol Bay heads for low salmon catch

commercialfishing.jpg ANCHORAGE -- Bristol Bay’s salmon harvest this year likely won’t reach even the slim preseason forecast of 15.6 million reds. Notably absent from returns to all the river systems are red salmon that spent two years in salt water before returning to spawn.

As of July 2, just under 6.7 million salmon had been netted in Bristol Bay, where fishing typically peaks around July 4.

Public involvement sets Northwest transportation plan apart

Bookshelves around Alaska are heavy with reports that have studied the possibilities of building highway and rail systems in the Arctic to access untapped natural resources and to move them to market.

John Aho, principal project manager and vice president of CH2M Hill, has looked at about 150 such privately and government-funded reports in the last couple of years, while his company crafted its portion of the Northwest Alaska Transportation Plan.

Airport looks to gain -- keep -- cargo business

As airport planners in Anchorage watch the rapid growth of the air cargo industry and look to the future, they can’t help but glance over their shoulders, too.

Several airports in Canada, the Lower 48 and Russia want a piece of Anchorage’s burgeoning air cargo industry, expected to more than double in the next 20 years.

So as important as attracting and expanding air cargo business is, retaining it is equally important, according to Morton Plumb, director of Ted Stevens Anchorage International Airport.

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