Audit finds problems with bridge authority numbers

JUNEAU — A newly released audit finds that toll and revenue projections for the Knik Arm bridge crossing are “unreasonably optimistic.”

The legislative audit, released Saturday, finds that projected cash flows to the state are likely overstated as a result.

The Knik Arm Bridge and Toll Authority, or KABATA, defended its traffic, revenue and financial models as “the most comprehensive ever completed for a transportation project in Alaska.” In a statement released shortly after the audit, it says the audit failed in its stated purpose, “to provide legislators with the knowledge necessary to make informed decisions” about future, KABATA-related legislation.

KABATA was created by the state in 2003 to build a bridge connecting Anchorage and the Matanuska-Susitna Borough. Supporters say the project would create new opportunities for business development and could pay for itself. But some have questioned the need for the project and what the obligation to the state might be.

A bill aimed at advancing the project had been on the House calendar for Saturday but was pushed back to Monday.


Thu, 03/23/2017 - 13:35

Walker: Up to 45,000 Alaskans could lose coverage with GOP bill

JUNEAU — Gov. Bill Walker says as many as 45,000 Alaskans could lose health care coverage under a Republican bill proposed in the U.S. House.... Read more

Thu, 03/23/2017 - 07:40

Kenai passes moratorium on gravesite reservations

KENAI — The city of Kenai in Southcentral Alaska is holding off on allowing residents to reserve gravesites in the city’s 10-acre cemetery.... Read more

Vandal strikes historic locomotive in downtown Anchorage

ANCHORAGE — Officials in Anchorage are trying to figure out how to go about cleaning graffiti off a monument along the city’s Delaney Park Strip,... Read more

Around the Web



  • Switchboard: 907-586-3740
  • Circulation and Delivery: 907-586-3740
  • Newsroom Fax: 907-586-9097
  • Business Fax: 907-586-9097
  • Accounts Receivable: 907-523-2230
  • View the Staff Directory
  • or Send feedback