Economic Report 2-2018

Economic Report 2-2018

February 14, 2018

In this Issue:

Oil, mining and defense increases offset other decline
Construction spending to rise 4 percent in 2018
Production from Alpine, Kuparuk oil fields increased in 2017

Energy
Goldman Sachs values ML&P

Infrastructure:
Inventory underway on Inlet pipelines
A new look at Nome for Arctic port

Climate change:
New report on health effects

Municipal:
Juneau wants to expand to Admiralty

Backlog of work is rising again
State deferred maintenance now totals $1.87 billion
State gas corporation to solicit first equity investments later this year

Business Intelligence
Trend toward multi-family residential housing seen in Anchorage
Not official yet, but costco set to move into fairbanks
Anchorage commercial building vacancies rise, reflecting recession
Anchorage assessed values dip
Another contract for Eielson construction is awarded
Fairbanks approves two new labor contracts with small pay raises
Tourism up sharply in interior in 2017; 2018 looks good
Alaska population dips as outmigration tops in-migration, new births
Wasilla bans disposable shopping bags; third city in state taking action
Environmental groups file suit over izembek road
Juneau hopes to land coast guard fast-response cutter
Andeavor buys Kenai LNG plant from ConocoPhillips

Petroleum:
Conoco: $283 million 4th quarter profit
BP contract to Bristol Bay company
Merged Agrium considers Kenai plant
Hilcorp: $285 million in Alaska
Murkowski to Zinke: Drop some OCS
Bank of China officials in Alaska

Fisheries:
Big cut to Southeast king quota
Octopus plant in Unalaska

Minerals:
Ucore plant in Ketchikan is possible
Pebble takes EPA action in stride
Revenues, taxes, jobs from mining

Arctic:
It’s official – China wants to play

AkEconRpt 2-2018
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