SIGNATURES DELIVERED – Sitka Municipal Clerk Sara Peterson, right, and Jessica Earnshaw, deputy clerk, in doorway, watch this morning as members of the Small Town SOUL group deliver booklets of signatures for a citizen ballot initiative that would limit the Sitka tour season as well as set daily and annual limits. Pictured are, from left, Floyd Tomkins, Earnshaw, Mike Leccese, Klaudia Leccese and Peterson. The group says they have submitted 720 signatures for verification. The group needs 613 signatures for the proposition to go on the ballot (Sentinel Photo by James Poulson)

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Daily Sitka Sentinel

Alaska-Owned Bank Sues Owners of Ex-Yukon Mine

By James Brooks

Alaska Beacon

The bankruptcy of Yukon’s Minto Metals Corp. spilled across the Alaska border last week as Alaska’s state-owned investment bank filed suit against the defunct mining company, joining a long list of creditors seeking repayment.

In a lawsuit filed July 31 in Anchorage District Court, the Alaska Industrial Development and Export Authority claims Minto Metals failed to pay user fees for AIDEA’s Skagway ore terminal, used to ship mining concentrates out of the Yukon.

The City and Borough of Skagway took over ownership of the terminal in March, but before that transfer, AIDEA claims that Minto Metals owed more than $400,000 to the investment bank. 

AIDEA has seized Minto Metals’ $350,000 security deposit, leaving a balance of $74,445.96. The bank is seeking that amount — plus legal fees — in the lawsuit.

AIDEA has a long history with the ore terminal, which it bought in 1990 for $25 million. The terminal operated for years before being shut down, then reactivated in 2007 at a cost of $14 million.

The terminal is located on waterfront property owned by Skagway, and after a cost-benefit analysis ordered in 2021, AIDEA elected not to renew its waterfront lease, effectively handing over the facility to Skagway.

The city subsequently signed a multimillion-dollar deal with the Yukon government, which is subsidizing a two-year renovation project in exchange for a 35-year preferential use agreement. 

The AIDEA lawsuit is not expected to affect that arrangement, and city officials have said that the closure of Minto Metals’ Yukon mine is not expected to have a significant local effect.

--https://alaskabeacon.com/james-brooks

 

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20 YEARS AGO

February 2005

Classified ads Homes for Sale: Beautiful waterfront Sitka townhouse on Alice Loop. 3 bdrm, 2 1/2 baths, hardwood floors. $345,500. * Beautiful home on Mikele St. 4 bdrm. 2 1/2 baths, outdoor hot tub, 2-car heated garage, heated greenhouse. $450,000. * Local landmark.5 bdrm. 3.5 bathrooms, hickory and tile floors, 9-foot ceilings, radiant heat. $539.000.

 

20 YEARS AGO

February 2005

Photo caption: Olivia Wilcox, 4, flinches as she watches her dad, Brett, have his blood drawn by David Methson, a Sitka Community Hospital medical technologist during the Community Health Fair at Centennial Hall. Hundreds turned out for the event.

 

50 YEARS AGO

February 1975

Alaska Department of Public Safety has presented a plaque to Dr. George Longenbaugh, Sitka surgeon, in appreciation of his work with the Emergency Medical Training Program. Commissioner R.L. Burton said Dr. Longenbaugh devoted considerable  work and time in the program, which encompasses Alaska and Washington.

 

50 YEARS AGO

February 1975

Photo caption: Miss Christy Roth, Sitka, meets with U.S. Sen. Ted Stevens (R-Alaska) during her recent visit to Washington, D.C., as Alaska’s Future Homemakers of America representative. She and her Sitka High home economics teacher, Mrs.  Marilyn Wilson, toured the capital and attended FHA meetings. Miss Roth is the daughter of Frank and Ruth Roth.

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