Alaska voters favoring $453M bond package
ANCHORAGE, Alaska (AP) — A measure to approve nearly a half-billion dollars in bonds for Alaska transportation projects statewide appeared headed for victory Wednesday morning.
With nearly all precincts reporting, 57 percent of voters voted in favor of the $453 million transportation bond package with 43 percent voting against it before outstanding ballots were counted.
The troubled Port of Anchorage expansion project is slated to receive $50 million from the bond package. The project has been beleaguered by cost overruns and construction problems. In fact, a report is expected to be released Friday whether the expansion project can be built as designed.
An estimated 90 percent of goods arriving in Alaska come through the port.