Harbor board seeks protection from lost tidelands lease revenue

When the Petersburg Borough Assembly approved the landmark property sale of borough-owned tidelands to Wikan Enterprises last year, it was said that decision opened Pandora’s box.

For decades, rather than sell its tideland properties, the borough selectively leased them to businesses involved

in waterfront commercial/ industrial uses, with a priority placed on supporting the commercial fishing industry.

About 12 years ago, the borough started directing the revenues generated by leased tidelands to the harbor department’s enterprise fund. With the precedent now established that these properties...


Reader Comments(0)

Rendered 06/25/2024 00:51