Conflicting Landscapes

Written by Clifton Bates and Michael J. Oleksa

The Kuskokwim Corporation is proud to publish Conflicting Landscapes, a book we hope will spark discussion and debate on educational issues in rural Alaska. I encourage Alaska Native parents, school board members, rural teachers and school administrators, as well as university professors, state officials and legislators to read and consider seriously the message of this book.
-Maver Carey, President/CEO, The Kuskokwim Corporation

To order copies of ‘Conflicting Landscapes’, please return the completed order form to: Brenda Lee, THE KUSKOKWIM CORPORATION, 4300 B Street, Suite 207, Anchorage, AK 99503

Download the Order Form

Stock and Bond Portfolio

A majority of the corporation's book assets are invested in marketable securities that amounted to $7.8 million at December 31, 2006. These investments are intended to provide long-term security of principal, appreciation potential, and cash flow for operations. These investment funds are professionally managed and the performance of the investment managers is measured and evaluated quarterly. The historical rate of return for a balanced portfolio of stocks and bonds is around 8%.

Real Estate

Sophie Plaza
Sophie Plaza is a 355 unit complex located on a 28-acre parcel in Fairbanks, Alaska. There are 259 one-bedroom units and 96 two-bedroom units. In addition, there are garages, heated storage areas, tennis courts, a jogging track, and extensive grounds. TKC owns 28.632% of this limited real estate partnership. This property was acquired in 1991.

Marriott Springhill Suites Hotel
Marriott SpringHill Suites is a Marriott franchised hotel. It is located in downtown Fairbanks, Alaska. This 140+ guest room hotel was completed in June 2001. The Kuskokwim Corporation owns 9.48% interest in the hotel.

Willow Woods Apartments
Willow Woods Apartments is a 228 unit apartment complex located on a 9.9 acre parcel bordered by Creamer's Wildlife Refuge in Fairbanks, Alaska. There are 144 one-bedroom units, 83 two-bedroom units and 1 three-bedroom unit in the complex. The property was built in 1976 and 1977. Willow Woods Apartments, Ltd. purchased it in 1977. TKC owns 23.6% interest in Willow Woods Apartments, Ltd.

Jillian Square Apartments
Jillian Square Apartments is a 356-unit apartment complex consisting of five three-story buildings on 18.7 acres in Fairbanks, Alaska. The complex includes separate enclosed parking and storage areas. The units average 1,100 square feet each. More than 70% of the units are two bedrooms or two bedrooms with a den and include such amenities as bay windows, balconies and large walk in closets. In 1999, TKC purchased 14.2% interest in this limited real estate partnership.

257 Tower
257 Tower is a 13-story 258,754 square foot office building in downtown Salt Lake City , Utah . The location offers close proximity to all amenities of the downtown Salt Lake City area. The property has 760 on-site parking spaces in an adjacent parking structure. This is the only piece of real estate in TKC's portfolio outside of the state of Alaska . In 2005, TKC purchased 38.6% interest in the 257 Tower.

Operating Businesses

TKC Development, Inc.
TKC Development, Inc. (TKCD) is a wholly owned subsidiary of TKC. TKCD manages all business development activities such as construction, Federal & State contracting, and 8(a) operations. There are subsidiaries under TKCD, which include: Aniak Properties, Inc. (API), Kuskokwim Timber, Inc. (KTI), Barometer Timber, Inc. (BTI), Suulutaaq, LLC, and Kuskokwim Planning & Management Corporation (KPMC) doing business as TKC Aerospace (TKCA).

Other

Donlin Creek Gold Deposit
The Donlin Creek property is located approximately 15 air miles from the village of Crooked Creek. It is one of the largest undeveloped gold resources in North America . The Kuskokwim Corporation owns the surface rights on the mine site, and Calista Corporation owns the subsurface rights.

Placer Dome , U.S. has entered into a surface use agreement with The Kuskokwim Corporation in 1995 for surface access to exploration and mining.

Placer Dome is in a partnership with NovaGold Resources, Placer Dome owns 30% of the Donlin Creek project, the large undeveloped refractory gold deposit in southwest Alaska . Placer Dome is exercising the option to earn an additional 40% in the project by funding $32 million of exploration and development, completing a feasibility study, and making a decision to build a mine to produce at least 600,000 ounces of gold per year and Placer Dome's 70% share of measured and indicated mineral resources is estimated at 7.8 million ounces of gold.

Baseline environmental studies are being completed and the permitting process will begin this year.

Placer Dome has been bought out by Barrick Gold, one of the largest gold mining companies in the world.

For more information about Donlin Creek see Nova Gold, Calista Corporation, or Barrick Gold.

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