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A Stevens Earmark Funds a ‘Ferry to Nowhere’

The AFMB is part of a separate federal investigation into political corruption involving Stevens, his son Ben and the fishing industry.

Point Bluff owns two pieces of land in south-central Matanuska-Susitna, a 20.4-acre parcel and a 38.8-acre parcel. The assessed value of the 20-acre plot has gone from $121,000 in 2005 to $131,900 in 2006, while the 39-acre plot has risen from $169,000 to $180,000 in the same time.

McCabe and his wife also own a separate 3.7-acre parcel on south-central Mat-Su. The value of that property went from $37,800 in 2005 to $62,400 in 2006, according to the property assessment.

Correction: Nov. 20, 2007

The article incorrectly identified the Knik Arm. It is a body of water in the northeastern portion of the Cook Inlet. The Knik Arm references in the two stories were intended to refer to undeveloped land in south-central Matanuska-Susitna Borough.

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