X'una Kaawu Annee Corporation - Icy Strait Point, Hoonah

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AIDEA participated with $20,000,000 (80%) of a $25,000,000 loan brought to AIDEA by Northrim Bank. Northrim originated the loan and is participating with $5,000,000. The purpose of this loan is for long term financing for newly constructed buildings and renovations at the Icy Strait Point (ISP) project in Hoonah, in Southeast Alaska. Loan proceeds were also be used for long term financing of a newly constructed large ship docking facility at ISP, and for the refinancing of existing loans secured by the ISP project. The ISP project is a cruise ship destination that has been operating since 2004. The project created 52 construction jobs and 35 new permanent positions.