I now believe that the $250,000 “independent” study has been kept secret in part because the consulting firm did not denounce the theory that the Red Dog mine and its transportation system might have been built without a state subsidy.
If a subsidy was not needed, that would mean that AIDEA cannot take credit for all of the economic output generated by that mine and that AIDEA’s economic benefits would be trimmed by billions or tens of billions. We will know if I am right if the Senate Resources Committee succeeds in getting AIDEA to release the “independent” 2024 study.
Randy Ruaro, executive director of AIDEA, testified this week that the treatment of Red Dog finances in the 2024 report was a topic that prompted AIDEA to require that Northern Economics revise the “independent” study.
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