City and Borough of Juneau Regular Assembly Meeting Agenda May 2026
Ordinance to Terminate Gondola Revenue Sharing Agreement
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Description
The Assembly is poised to consider an ordinance authorizing termination of the Revised Revenue Sharing Agreement with Goldbelt, Inc. for the Eaglecrest gondola project, including repayment of the $10 million capital contribution plus interest. The action follows determinations that the gondola project is no longer feasible with public funds.
Contract Details
Contract Amount
Repayment of $10,000,000 capital contribution plus just under three years of 7% interest; total appropriation up to $12,200,000
Vendor
GOLDBELT INC
Agency
Juneau International Airport Board, AK
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
Contract Term
Termination of existing Revised Revenue Sharing Agreement; repayment timeline per agreement (not specified)
Renewal Info
Action would terminate the existing RSA with Goldbelt, Inc.; no renewals or extensions are contemplated.
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