STRIVE January 2018 | Page 37

its overall importance to state commerce, which extends past the borders of the Municipality. While hurricanes and tsunamis may not bring this port – critical to not only the Alaska military mission, but to the livelihood of 85 percent of the population – to its knees, what is causing wide concern is time and a local phenomenon called Accelerated Low Water Corrosion. So, with our 56-yea r history, how did we get here, and what are we doing about it? Once upon a time in 1961, the Port of Anchorage opened for business. It was an optimistic time: Seward was the gate- way to a new state, and the Cook Inlet oil boom was taking off. In July of that year, two months before the ribbon was cut, the Port welcomed its first foreign-flagged vessel when the Japanese freighter Kazukawa Maru delivered 600 tons of pipe and construction materials for Cook Inlet oil fields. It was a small load by modern standards, but the Port of Anchorage was off and running, with its volume steadily increasing until 5:36 p.m. AST on Good Friday, March 27, 1964. That was when a magnitude 9.2 earthquake – the second most powerful earthquake ever recorded – struck Alaska beneath Prince William Sound and caused mass destruction, with shaking and tsunamis that killed 139 people as far away as Oregon and California. Fortunately, Upper Cook Inlet geog- raphy virtually eliminates tsunami danger, and the 26-foot-wave that inundated the Homer Spit was reduced to a ripple by the time it reached Anchorage. The Port of Anchorage was the only deep-water port in Southcentral Alaska to survive that natural disaster, so it instantly turned into the state’s principal inbound cargo hub as it expanded to support earthquake reconstruction and then Alaska’s North Slope oil boom and population surge. Today the Port handles almost four million tons of fuel and freight annually – half of all marine cargo delivered into Alaska. About half of the fuel and goods crossing Anchorage docks move on to final destinations outside of the Municipality and into every region of the state. For more than half a century, the Port of Anchorage demonstrated its economic viability and played key roles in supporting statewide growth and U.S. military missions in Alaska, the Pacific Rim, and the Arctic, while also generat- ing jobs and revenue for the Municipality of Anchorage. The present-day Port, with its three general cargo terminals and two fuel terminals, is Alaska’s most versatile, routinely and efficiently handling flats, containers, break bulk, petroleum, dry bulk, and even cruise ships. As Anchorage evolved into Alaska’s population center, our Port became the state’s main cargo transportation hub, supporting hundreds of millions of dollars of public and pri- vate cargo-related infrastructure, including 3.4 million barrels of liquid fuel storage, 60,000 tons of cement storage, adjacent Ship Creek area barge and rail terminals, and intermodal connections to the state’s principal marine, road, rail, air, and pipeline transport systems. What I’d like folks to take away from this little history lesson is that the geography (remember, no tsunamis in Upper Cook Inlet), location (remember, Anchorage is the population center), and private sector infrastructure investment (remem- ber, everything landside was constructed by the Port’s users with no public money) made here over the last 56 years, when stacked against a state population of less than 1 million people – 85 percent of which benefit directly from this Port – makes it fiscally irresponsible to think about having more than one port as robust as this one. The smarter – and, I’d argue, less expensive – business investment is in assuring resiliency in the one proven profitable enter- prise already in place. Here’s our challenge: The Port of Anchorage docks were initially con- structed to last 35 years. The half-century-old facility has long exceeded its struc- tural design and economic life, and today the facility is suffering from a slow-motion disaster of corrosion and obsolescence. Barring a major earthquake or other unexpect- ed event, the Port is unlikely to suffer catastrophic failure that causes large numbers of casualties or disastrous property loss. Instead, it will endure a slow-motion failure from corrosion and age that will suck value out of business and infrastructure investments, while making life in Alaska more expensive and less convenient. The Municipality of Anchorage recognized the Port’s structural and economic issues decades ago and started pur- suing solutions. The initial attempt to replace the docks, called the Port Intermodal Expansion Project, did not succeed, and the Municipality is now struggling to replace the docks before they fail and cause statewide disruption. The challenge is that the Port is owned and operated by the Municipality of Anchorage, but it directly serves some 85 percent of all state residents, supports the statewide economy, and is critical to national economic and security interests. Officials are settling on a plan to replace the Port’s aging docks while maintaining ongoing operations and minimizing January 2018 37