City and Borough of Juneau Assembly Meeting Agenda April 2026
Juneau Plans $12.2 Million Repayment to Goldbelt for Gondola
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Description
Juneau proposes to appropriate up to $12.2 million to repay Goldbelt, Inc. for its investment in the Eaglecrest gondola project following termination of the revenue sharing agreement. The repayment would combine deappropriated gondola CIP funds with unrestricted general funds and Goldbelt investment funds and must be completed within 60 days of termination.
Contract Details
Contract Amount
Up to $12,200,000
Vendor
GOLDBELT INC
Agency
Juneau International Airport Board, AK
Contract Type
FINANCIAL_SERVICES
Document Date
April 29, 2026
Contract Term
Repayment required within 60 days of the effective date of termination of the revenue sharing agreement
Renewal Info
This action funds the payoff of the existing revenue sharing agreement rather than a renewal or extension; once repayment is made, the prior agreement obligations would be concluded.
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