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business1d ago
New law resolves long-standing land entitlement issue for Cape Fox Corp. - KRBD
- New law authorizes the transfer of about 180 acres of federal land to Cape Fox Corporation, resolving a long-standing entitlement issue.
- The land will be in the Tongass National Forest, consolidating Cape Fox’s selections under ANCSA.
- Officials describe the plan as a catalyst for regional energy and job development through new infrastructure.
- The legislation was introduced by Representative Nick Begich and backed by Senators Murkowski and Sullivan.
- This marks the first House passage and the second Senate passage of the entitlement bill.
- Cape Fox anticipates submitting the final selection notice to the Interior Department this summer.
- The initiative aims to support the region's economy by connecting land development to energy and tourism corridors.
- Cape Fox plans to conduct feasibility studies within the next year as part of the project.
- The transfer supports energy development, renewable power, and job creation in the region.
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