With another port lawsuit settled, Anchorage one step closer to possible big payout for botched plans

KTVA
By Emily Carlson

The Municipality of Anchorage will get $3.75 million from one of the contractors who worked on the failed port of Anchorage expansion project. Municipal attorney Bob Owens says Integrated Concepts and Research Corporation (ICRC) was one of several companies that caused $329 million in damages at the port.

Assembly members have argued there were design failures. The municipality abandoned the project in 2010 and is left with a failed dock after spending more than $300 million of city, state and federal money.

This is the fourth settlement for Anchorage. The first three settled for a total of $12.5 million: engineering firm Terracon Consultants for 1.9 million; MKB Constructors for $5.5 million; and sub-contractor Quality Asphalt Paving for $5.1 million. Under the terms of the settlement, none of the companies have to admit fault.

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