KETCHIKAN (AP) -- The Ketchikan Gateway Borough Planning Commission has approved a request by Cape Fox Corp. to create 230 waterfront lots in eight parcels along George and Carroll Inlets for its shareholders.
The commission Tuesday voted unanimously to approve the preliminary plats subdividing about 349 acres along the east shore of George Inlet, Bull and Coon islands, and the west shore of Carroll Inlet east of the city of Ketchikan.
The village Native corporation plans to offer 198 lots in a shareholder lottery as part of a homesite project. The lots, about 1.5 acres each, will be accessible by boat or floatplane.
Bob Norton of Ketchikan Title Agency, a Cape Fox subsidiary, said the shareholders have waited a long time for the project.
''The intent is to give the shareholders something they could put their name on and be proud of,'' Norton said. ''It's really quite pleasing to see this come to pass.''
Corporation officials hope to hold the lottery in October and hand out deeds to shareholders by Christmas, according to Peter Gigante, Cape Fox chief executive officer.
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