Assembly votes to proceed with $25 million harbor grant application

The borough assembly has voted to proceed with an application for $25 million in federal funding to rebuild the Inner Harbor, Reliance and Standard Oil floats, including a commitment that Wrangell would come up with $5 million needed to fully fund the estimated $30 million project.

“This is a little bit of a gamble,” Mayor Patty Gilbert said at the Feb. 13 assembly meeting. Still, it’s a good bet “if you can parlay $5 million into $30 million,” she said.

“This is an ambitious project, but it’s very much needed,” Gilbert added. The harbor floats are decades old.

The borough expects to hear in A...