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Alias Born | 08/03/2010 |
Saturday, June 04, 2011 10:46:03 PM
State, county and municipal budgets love to subsidize revenues with corporate infrastructure development commitments. It's part of the game, and PLP will build a lot of roads for the people of Alaska if (when) they get their permits. They'll also probably create some parks, fund some schools, and of course provide land lease revenues to the state, permitting fees, and yes, perhaps a direct nominal per-capita tax credit to bribe John Q., a la Exxon. Everyone remembers Valdez, but they all love the oil money tax rebate for every resident.
For better or worse, this is how things are done. Follow the money. Now that we all know that there is a pile of big wealth at Iliamna, nobody will just leave it there.
Recent LBSR News
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