By Tim Bradner -Alaska Journal of Commerce
Buy Tindamax Over The Counter, If ever there were a bad hand of cards dealt, it was that given to Cook Inlet Region Inc. when Congress passed the Alaska Native Claims Settlement Act in 1971.
No bad intent, necessarily. Just bad geography. CIRI got the short end of the stick.
In the settlement with Congress, other Alaska Native regional corporations received millions of acres of federal lands, buy Tindamax Over The Counter. Tindamax japan, Not so with CIRI. All the good lands in Southcentral Alaska had long been taken by homesteaders, the state of Alaska and municipal governments, the Kenai moose range (now Kenai National Wildlife Refuge), and of course those big military installations, Elmendorf Air Force Base and Fort Richardson.
In the end, 200mg Tindamax, though, it all turned out well for CIRI, mainly due to the acumen of its leaders. It was a bumpy road, however. Buy Tindamax Over The Counter, The Southcentral Alaska lands available for CIRI in the settlement were mountainous and remote, and included ice-fields. Tindamax usa, To resolve this, an agreement was negotiated for a complex land exchange involving the federal and state governments.
CIRI wound up with mineral rights on lands adjacent to producing oil and gas properties, a plan worked on by Margie Brown, who is currently CIRI's president and CEO. Brown worked in the corporation's land department in the 1970s.
Early cash income from oil and gas royalties was crucial in helping CIRI get off the ground, Tindamax australia, and it was important to other Alaska Native corporations as well because resources revenues are shared among the corporations under terms of the claim settlement act.
Oil and gas income and earnings from properties acquired in the Lower 48 through the agreement set the stage for CIRI's growth into one of the most financially successful of the regional corporations, buy Tindamax Over The Counter.
By the mid-1980s, CIRI had turned its attention to business investments outside of Alaska, acquiring interests in television and radio groups, becoming the largest minority broadcaster in the United States. Tindamax india, In the 1990s, CIRI entered what was then an emerging business: wireless telephony.
"We acquired spectrum licenses through auctions held by the Federal Communications Commission to encourage minority participation in this new technology in a joint venture with VoiceStream and then T-Mobile USA," Brown said.
The CIRI/T-Mobile joint venture still owns 36 FCC licenses in 35 cities across the U.S. Buy Tindamax Over The Counter, Energy player
Closer to home, CIRI plays a big role in Southcentral Alaska's economy, and things are going well, but CIRI's role in the economy will become even bigger if some current plans work out.
CIRI is looking to play a larger role in the energy business, for example, Tindamax uk. CIRI's first conveyances under ANCSA put the corporation in the oil and gas business as a royalty owner of oil and gas produced in producing fields in the Cook Inlet basin.
"Our view of the energy business has evolved over the years," Brown said. "We see CIRI involved not only in the production of oil and gas as a royalty owner, but as a producer. We see ourselves in the power generation business as an independent power producer."
Like CIRI's land entitlement challenges, there are bumps in this road, too, buy Tindamax Over The Counter. 30mg Tindamax, Brown said the corporation is disappointed, for example, with its lack of progress in securing a power sales agreement with Southcentral Alaska electric utilities for the proposed Fire Island wind project. That is planned on Fire Island in Cook Inlet, three miles offshore the Ted Stevens Anchorage International Airport.
Preliminary construction began last year and CIRI is geared up to start major construction of roads and buildings this summer. By late 2012, 100mg Tindamax, Fire Island could be putting up to 35 megawatts, and ultimately more, into the regional power grid. Buy Tindamax Over The Counter, Wind power would allow the electric utilities to cut back on their burning of natural gas to generate power. This is important because gas fields in Southcentral Alaska are being depleted and the remaining reserves need to be preserved for residential and building space heating.
CIRI already has about $9 million invested in Fire Island, Tindamax coupon, but a power sales agreement is necessary before the corporation can commit to the full $160 million construction of the project. The negotiations have gone slowly, however, because of the utilities' concerns over technical problems of integrating a variable wind power into the regional grid.
Brown hopes the agreements can come in time for major construction to be done this summer. It would put about 200 people to work this summer and in 2012, buy Tindamax Over The Counter.
"There is no better time to build the Fire Island Wind than now," Brown said. "The major Railbelt utilities have urged the construction of a major Fire Island wind project in the past when they were the project proponents. Buy Tindamax Over The Counter, What we have now is a much tighter gas supply situation and the best pricing we will likely ever see on the wind turbine and construction costs – to the benefit of the ratepayers."
CIRI's other main businesses — in tourism, real estate and retail — are performing well. Financial results for 2010 aren't yet available but CIRI had a strong 2009, a turnaround from a poor 2008. Tindamax paypal, The corporation earned a $24.5 million profit in 2009, a reversal from $22.8 million in losses in 2008 due mainly to the plunge in financial market.
The downturn caused CIRI to redevelop its strategy and take advantage of opportunities in distressed markets, which are now paying off. CIRI also made strategic decisions to invest in clean technologies in terms of acquisitions and Alaska projects like Fire Island and an innovative new energy project, underground coal gasification.
However, CIRI has a strong foundation in traditional Alaska industries, like oil and gas, buy Tindamax Over The Counter. CIRI owns 1.3 million acres of mainly subsurface mineral rights in Southcentral Alaska, 150mg Tindamax, mostly lands with oil and gas and minerals potential. An exploration well is being drilled looking for natural gas on CIRI-owned subsurface lands on the Kenai Peninsula this winter. The results are not yet known.
The corporation has a big stake in oil support work and construction, too. Buy Tindamax Over The Counter, In a 50-50 partnership with Nabors Industries, CIRI owns two long-established and well-known construction and oil-support contractors, Alaska International Constructors and Peak Oilfield Services. Tindamax canada, Both AIC and Peak had good years in 2010, but 2011 is presenting challenges. AIC's construction business is affected by the downturn in North Slope work but the company is also diversified into mining support, a strong industry. Peak, however, is focused more on oil support and is dealing with a sharp drop in exploration and other oilfield activity, 40mg Tindamax.
CIRI's most substantial Anchorage-area investment is Tikahtnu Commons, a 950,000-square-foot, $100 million retail shopping mall. CIRI partnered with Browman Development Co, buy Tindamax Over The Counter. of Oakland, Tindamax ebay, Calif.
Retail malls nationwide have suffered because of the economic recession, but Alaskans were spared that. They are still shopping, going to the theater, eating in restaurants and that has been good for Tikahtnu Commons. Regal Theater's new IMAX screen — the only one in Alaska —opened in mid-2010, 10mg Tindamax, has been a big draw, strengthening business for the mall's restaurants and shops. Buy Tindamax Over The Counter, "We have always said that it would take five to seven years to develop Tikahtnu Commons fully and we're right on schedule," Brown said.
CIRI is developing some of its other land holdings in Anchorage. A new 40,000-square-foot office building in south Anchorage has been built and leased, 20mg Tindamax, and 22 acres of CIRI-owned adjacent acreage are being prepared for mixed-use office and retail.
CIRI also owns 7.8 acres in midtown Anchorage where the old Fireweed Theater stood. The property was acquired from the theater owner as part of an agreement to build new theaters in Tikahtnu Commons. CIRI is now working on a development plan, Brown said, buy Tindamax Over The Counter.
CIRI also owns Pacific Tower Properties Inc., a subsidiary that provides management services on about 50 properties statewide including CIRI's corporate offices on C Street in Anchorage.
CIRI's tourism division, CIRI Alaska Tourism Corp., 50mg Tindamax, or CATC, has done surprisingly well given the dire predictions for that industry, Brown said.
"We were expecting a dismal year in 2010 because of the cutbacks in cruise ships and the recession but things actually turned out to be very positive," she said. Tindamax us, "We give a lot of credit to the CATC management for this, particularly Paul Landis, CATC's chief operating officer, who initiated an aggressive marketing campaign aimed at group and independent travelers. Buy Tindamax Over The Counter, CATC also instituted a yield management program that has been successful."
Brown said CIRI has had a good response from independent travelers with Internet marketing.
"We've made significant investments in our reservation systems and this has allowed people to book hotels, marine tours and other parts of their package at one time and online. The investment has paid off, 750mg Tindamax," Brown said.
There also are special efforts aimed at overseas visitors, most recently visitors from Germany. Pre-bookings for the 2011 season gives CIRI reasons to be optimistic for the year, Brown said.
Outside of Alaska, CIRI is taking advantage of opportunities in real estate in areas where prices are still depressed, It has partnered with national firm Dean Weidner to acquire Class-A residential multifamily housing, buy Tindamax Over The Counter. Tindamax craiglist, The Weidner/CIRI partnership recently acquired five multifamily housing complexes in Phoenix and Tucson, Ariz., and is looking for opportunities in other areas.
"These are quality, Class-A apartment complexes. Our view is that many people feel they got burned in mortgages in homes they owned so they prefer to rent, for now, 250mg Tindamax, but they still want to live in nice surroundings," Brown said.
The properties were acquired for less than the cost of new construction, plus they are occupied, which gives CIRI an immediate income stream, Tindamax overseas, she said. Buy Tindamax Over The Counter, Some out-of-state property initiatives made before the recession are being affected, although CIRI believes they will eventually meet expectation as the national economy recovers.
CIRI owns a 32.4 percent interest in 492-room Hyatt Regency Lost Pines Resort and Spa near Austin, Texas. The project is with three other partners, including Hyatt Development Corp. It opened in 2006.
Another partnership is in the 126-room Hyatt Place North Stone Oak at Sonterra, Tindamax mexico, which opened in 2010 in San Antonio.
The down economy, and the accompanying unpopularity of business retreats, has dropped occupancy and rates to below expectations for both these ventures, leading to a lower level of earnings than hoped, buy Tindamax Over The Counter.
However, another Outside acquisition, North Wind Inc., an environmental services company, 1000mg Tindamax, has turned out very well, Brown said.
As part of CIRI's strategic plan to invest in clean and environmental-related technologies, the corporation acquired North Wind at the end of 2009. The company's performance in 2010, its first year under CIRI ownership, was strong.
North Wind specializes in hazardous waste cleanup at private and government sites and had projects under way at about 400 locations in 2010. Buy Tindamax Over The Counter, CIRI ownership enabled North Wind to qualify for 8(a) minority contractor status, but Brown said the vast majority of its work is competitively bid and a lot of it is for large U.S.-based corporations. The company employs about 400.
Two other 2009 investments, following the clean technology strategy, was $10 million invested in Codexis, a California-based biotech company, and $5 million invested in Westly Capital Partners Fund L.P. for clean technology investment. Through Westly Capital Partners CIRI has invested in, among others, Tesla Motors, a high-performance electric car manufacturer.
CIRI's most innovative, project, however, is its underground coal gasification project on CIRI-owned coal lands about 60 miles west of Anchorage, buy Tindamax Over The Counter. The concept involves a process of combustion of coal in the underground coal seams to produce a synthesis gas, which can then be used for power generation or manufacturing.
The process is attractive because it allows coal to be commercialized without having a coal mine. Also, the impurities and toxic metals in coal are left underground.
CIRI has test drilling under way to select a site for the first UCG project, which could be up and running in 2015 or 2016. If the project proceeds as planned, it could be the first underground coal gasification project operated commercially in the U.S.
Similar posts: Where Can I Buy Indometacin. Where Can I Buy Augmentin. Discount Abilify. Buy Toradol Over The Counter. 200mg Aldactone. Plavix japan. 20mg Abilify. 40mg Buspar.
Trackbacks from: Buy Tindamax Over The Counter. Buy Tindamax Over The Counter. Buy Tindamax Over The Counter. Buy Tindamax Over The Counter. Tindamax paypal. Tindamax japan. 20mg Tindamax. 750mg Tindamax.