GOVERNOR RELEASES 2020 BUDGET – THE FY 2021 OIL REVENUE FORECAST IS WEAKER THAN EXPECTED Governor Dunleavy released his 2020 budget on December 11, just after Revenue officials released their numbers reflecting a $186 Million...
OPENING BIDS FOR WATERFRONT LOT IN JUNEAU RANGE FROM $4.7 MILLION TO $20 MILLION Bids for the 2.9 Acre waterfront lot near downtown Juneau that is owned by the Mental Health Trust were opened September...
Summer/ Fall 2019 EGAN EXPRESSWAY UNDER CONSTRUCTION FOR TWO SEASONS INTO 2020 Egan Drive from the bridge to the intersection of main street is now under construction with improvements that will span two seasons according...
TOURISM RETAIL VACANCIES DOWN—AS TOURSHIP PASSENGER VOLUME INCREASES IN 2019 A noticeable trend is apparent along South Franklin Street—The number of retail vacancies is down considerably over last year, which is reflective of higher passenger...
LOCAL LENDERS OBSERVE NATIONWIDE TREND OF CLOSING BRICK AND MORTAR LOCATIONS Juneau, Alaska is observing the same trend seen in the lower 48: Brick and Mortar locations for bank and credit union branches are closing...
STREET CONSTRUCTION MOVES UP FRANKLIN STREET The City and Borough continues to push the construction of new street and sidewalk improvements farther up Franklin Street, according to a recent bulletin. At present, the project is...
CBJ CONTINUES ITS FRONT STREET RECONSTRUCTION PROJECT Planned in two phases, the Front Street reconstruction project is in full swing with the spring phase in its second month. This phase will end on June 1....
JUST WHEN YOU THOUGHT THAT THE HOUSING CRISIS WOULD CONTINUE INTO 2018, the City and Borough estimates that all residential vacancies total at least 5.5% of the available apartment inventory. This is in large part...
KETCHIKAN CELEBRATES ITS ONE MILLIONTH CRUISE SHIP PASSENGER. This week, municipal officials in Ketchikan will greet their one millionth cruise ship passenger who will be given several recognition gifts as the tour industry celebrates the official “recovery”...
JUNEAU’S LEASE MARKET FOR OFFICE SPACE CONTINUES STRONG BUT TRENDS SUGGEST SOFTENING OF SOME TERMS. Leasing of office spaces in Juneau continues at stable base rates, but some softening in other terms reflect concerns about...
