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City and Borough of Juneau Regular Assembly Meeting Agenda January 2026

Petro 49 Inc. 35-Year Waterfront Lease Proposed

Juneau International Airport BoardPETRO 49 INCJanuary 12, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The City is moving to negotiate and execute a new 35-year tidelands lease with Petro 49, Inc. for waterfront commercial activity adjoining the National Guard Dock. The proposal follows appraisal and board review.

Contract Details

Vendor

PETRO 49 INC

Agency

Juneau International Airport Board, AK

Contract Type

OTHER

Document Date

January 12, 2026

Contract Term

35 years

Renewal Date

2061-09-30

Renewal Info

Existing lease, negotiated in 1971 by the State of Alaska, expires September 2026. New lease proposed for 35 years with appraisal update required.

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