One contractor in Anchorage’s lawsuit over port settles for $5.5 million
Documents submitted to the
The project ultimately cost more than
A separate lawsuit was filed against the
City officials say they're hoping to fully recover the money already spent and put it toward a scaled-back but critical "modernization" of the port. City attorney
"This is the first check being written to us," Falsey said.
He added: 'This is the beginning, not the end."
Under the terms of the settlement, MKB admits no liability or wrongdoing,
The settlement was "just a business decision made on the part of the insurance carriers," Kettrick said.
The Assembly voted Tuesday to put most of the settlement money toward the new port modernization project. A small portion will go into a legal escrow account.
So far, the Assembly has authorized the city to spend up to
A trial in the lawsuit involving the contractors has been set for
___
(c)2016 the Alaska Dispatch News (Anchorage, Alaska)
Visit the Alaska Dispatch News (Anchorage, Alaska) at www.adn.com
Distributed by Tribune Content Agency, LLC.


Hartford Man Charged With Setting Fire In His Bloomfield Nursing Home Room
Advisor News
- Retaining clients by giving them a memorable experience
- Addressing the longevity paradox
- Employers shift focus from retirement access to financial outcomes
- Helping widowed clients navigate their new financial reality
- Navigating client communication in a digital age
More Advisor NewsAnnuity News
- Farm Bureau P&C insurers post first underwriting gain since 2021
- Legacy Marketing, Malibu Life launch two fixed indexed annuities
- Changing client priorities are reshaping annuity conversations
- Solen Software acquires annuity software provider Cooperative Technologies
- MassMutual Expands Lending Options With New Secured Credit Line
More Annuity NewsHealth/Employee Benefits News
- Centene sues feds over low ratings for senior health plans
- Terry Savage: Small business owners, now is the time to offer health insurance coverage
- Aldermen select employee medical insurance broker services provider
- Southwest Bridge Health focusing on insurance coverage gap in Berrien County
- HEALTHCARE SHOULDN'T REQUIRE A MAP
More Health/Employee Benefits NewsLife Insurance News