CONTRACTPENDING

City Moves to Terminate Goldbelt Gondola Agreement

Disclosed value: $10 million principal plus interest (up to $12.2 million); From agenda
Document date: Jun 8, 2026

What it covers

The City and Borough of Juneau is moving to terminate its revenue sharing agreement with Goldbelt, Inc. for the Eaglecrest gondola project due to cost increases and plans to repay Goldbelt’s $10 million investment plus interest, with funding up to $12.2 million allocated for this purpose. The City Manager is authorized to negotiate the termination and execute repayment in accordance with ordinance direction. The final repayment must include principal and nearly three years of accrued interest at 7%.

Who holds it

Goldbelt Inc holds this contract with City of Juneau.

What happens next

Term as filed: Until repayment and agreement termination; repayment reflects capital contribution and nearly 3 years of interest at 7%.

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Contract details

Amount: $10 million principal plus interest (up to $12.2 million)
Document date: June 8, 2026
Term: Until repayment and agreement termination; repayment reflects capital contribution and nearly 3 years of interest at 7%
Vendor: Goldbelt Inc
Agency: City of Juneau
Source document: City and Borough of Juneau Agenda Regular Assembly Meeting 2026-06-08 (Agenda)

Goldbelt Inc's other public contracts

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Questions about this contract

Who was awarded the government contract by City of Juneau?

Goldbelt Inc was awarded this government contract by City of Juneau, as recorded on June 8, 2026. The contract value is $10 million principal plus interest (up to $12.2 million).

How much is the Goldbelt Inc contract with City of Juneau worth?

The Goldbelt Inc contract with City of Juneau is valued at $10 million principal plus interest (up to $12.2 million).

What type of contract is this?

This is a government contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City and Borough of Juneau Agenda Regular Assembly Meeting 2026-06-08 (Agenda), dated June 8, 2026 from City of Juneau. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Goldbelt Inc hold?

Goldbelt Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Juneau currently buying?

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