Gov. Mike Dunleavy led a successful pressure campaign to block a $150 million bond proposal with Wells Fargo Bank proposed by the staff of the Alaska Housing Finance Corporation.
That’s according to Fairbanks Mayor David Pruhs, an AHFC board member, who praised Dunleavy for leading the charge to get the board to kill the deal.
The $150 million plan with Wells Fargo Bank died for political reasons, not for financial reasons. It was “political correctness payback” against Wells Fargo, Pruhs said.
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