Sunday, December 4, 2016

Alaska Ag....where truth is stranger than fiction

In the "who did not see that coming" category.....



The BAC, in charge of the ARLF assets, has more than just the slaughter plant they oversee. Their actions concerning the troubled MMM&S plant included (so it's rumored) declining an offer that would have been full asking price over three years. Now, not having been present at their executive session, one can wonder why this offer was deemed not responsive, and the reasons for not accepting a low ball offer from the other respondent are unknown.

But what is now known, is that they have issued an OTC sale (packet information on the BAC website)  That sale price was lowered to the $410,000 Matanuska Susitna Borough assessed value as the previous blog post stated. The OTC opens on Monday, and while a deadline was not easily found, it's fairly certain that the new price is going to generate a lot of interest.

Also known, and verified by news reports, is the fact that our premiere Alaska brewing company was in negotiations to purchase the Mat Maid property. For substantially more than the Boro assessed value, by the way.

The brewing company naturally, is reportedly rethinking their offer, and may withdraw it completely.  Or perhaps they will be graced with the same sweet deal as the OTC price.....no one knows for sure at this point. But that would be a better deal than the original RFP for MMM&S.....which was (and I am quoting a very astute friend here) "Someone can buy it, kind of, I'll still have a say in running it and in a couple years I'll charge you more for the deed."


So what the BAC did was essentially shoot themselves in the metaphorical foot, in order to dispose of the troubled MMM&S facility. This may end up costing the BAC and ARLF a substantial loss of anticipated revenues on all its' current asset inventory.



Folks, you can't make this stuff up!

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