Last Updated on February 23, 2025 by Mrunal & Jiten
Anchorage, AK
Juneau, AK
Fairbanks, AK
On Monday, the Alaska House took a step forward in improving the state’s tourism infrastructure, passing House Bill 65. The bill authorizes the Alaska Railroad Corporation to issue up to $135 million in revenue bonds for a major project in Seward.
The funding will be used to replace the aging passenger dock and terminal in Seward, a facility that has served the state since 1966. But after nearly six decades, it’s no longer up to the task of handling the growing number of visitors and cruise ships Alaska attracts each year.
Representative Frank Tomaszewski, who championed similar legislation last year, says this new dock will help bring larger cruise ships to Alaska, boosting tourism and creating jobs across the state.
The new passenger dock is being funded through a public-private partnership between the Alaska Railroad Corporation and Royal Caribbean Group, which has committed to a 30-year lease. The dock’s revenue will cover the cost of the bonds, meaning no new strain on the state’s general funds.
With this partnership in place, the new dock is set to open the door for even more economic growth, creating jobs and cementing Alaska’s status as a premier destination for travelers worldwide.
The project is set to move forward without relying on state tax dollars, marking a significant investment in Alaska’s future.
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