By Christine Kim
KTUU
February 9, 2010
http://www.ktuu.com/Global/story.asp?S=11961614
ANCHORAGE, Alaska -- The U.S. bankruptcy court plans to auction off Pilgrim Hot Springs, one of Alaska's historic sites near Nome, next month.
The auction is part of a reorganization plan that the Catholic Bishop of Northern Alaska filed in March 2008 in response to a sexual abuse settlement.
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| Pilgrim Hot Springs is scheduled to be auctioned off next month. |
In the plan, the diocese will provide $9.8 million to claimants. Most will come from its property, like the hot springs.
Bernie Karl, the owner of Chena Hot Springs, says he's planning to bid on Pilgrim.
According to Karl the property holds great agricultural and geo-thermal potential.
"Pilgrim has the ability to provide enough food for 100 percent of Western Alaska. It could be the breadbasket of Alaska and Nome has about 5,000, maybe 6,000 people. They need energy," Karl said.
Qualifying bids are due by Feb. 25.
The auction is set for March 5 and the bidding begins at $1.85 million.
Contact Christine Kim at ckim@ktuu.com
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