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Shellfish growers ask assembly to reconsider geoduck hatchery lease, cite 20-year finance need
Summary
Paul Fuess, president of the Ketchikan Shellfish Growers Cooperative, told the assembly the group has resubmitted its geoduck hatchery lease application and asked the borough to reconsider scheduling the new application after construction-cost increases forced major design and financing revisions.
Paul Fuess, president of the Shellfish Growers Cooperative, told the Ketchikan Gateway Borough Assembly during the public comment period on Nov. 3 that his group has resubmitted its mariculture hatchery application and asked the assembly to reconsider the site lease. Fuess said the project—designed to produce geoduck seed locally—had previously been accepted but stalled when construction bids rose sharply after a tariff-driven spike in steel prices.
Fuess said the cooperative sought a 20-year lease term so private financing could be…
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