Ketchikan uses cruise line gift to bail out port fund

The Ketchikan city council has decided to use the community’s $2 million gift from Norwegian Cruise Line to help cover lost revenue in the town’s ailing port fund.

The city finance director reported to the council that port revenues fell by more than 99% when cruise ships stopped calling in 2020 — from more than $10 million in 2019 to roughly $82,000 in 2020. And it wasn’t much better this year: Revenue is expected to come in at about $1.35 million, as a limited number of ships operated in the shortened visitor season.

Without an immediate cash infusion, the port fund would be unable to pay it...

 

Reader Comments(0)

 
 
Rendered 07/14/2024 17:47