When last we visited the situation with the Adak Island processing plant, landlord Aleut Enterprise and tenant Adak Seafood reported they were trying to work out a settlement of their lease dispute.
Now it appears this has fallen apart. What's more, the Norwegian principal behind Adak Seafood apparently won't be operating the plant during the upcoming cod season.
How does Deckboss know this?
The details are in two very interesting documents filed yesterday in U.S. District Court in Anchorage, where the landlord-tenant fight is playing out.
The first document is this status report to the court. Interestingly, Aleut Enterprise filed this jointly with Independence Bank, which has millions of dollars in outstanding loans at stake and had been an Adak Seafood supporter.
The second document is an e-mail from Asbjorn Drevik of Norway informing Aleut Enterprise that he has been unable to raise the money to operate at Adak.
The big questions at this point would seem to be: Who will run the Adak fish plant? And can it be readied in time for the fishing season?
Dutch Harbor report
2 weeks ago