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Former Alaska revenue commissioner Crum defends committing $50M in state savings to digital infrastructure firm

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Former Alaska revenue commissioner Crum defends committing M in state savings to digital infrastructure firm


Revenue Commissioner Adam Crum gives comments to the House Finance Committee on January 23, 2025. (Marc Lester / ADN)

Former Alaska Revenue Commissioner Adam Crum says he was following state law when he committed $50 million in state funds to invest in a digital infrastructure firm shortly before he departed public office.

Crum’s decision to commit the funds from the Constitutional Budget Reserve — the state’s rainy day fund — later led Gov. Mike Dunleavy to promise a third-party independent review of the investment. It also caused alarm from House Speaker Bryce Edgmon and Senate President Gary Stevens, who in a joint statement said that the investment “raises serious concerns about accountability, transparency, and fiscal responsibility.”

But Crum, who departed the Dunleavy administration in July and days later announced he was running for governor, said Friday that members of Dunleavy’s administration, including the governor himself and top attorneys in the Department of Law, had known about his investment plan for months.

Department of Revenue spokesperson Aimee Bushnell said in an email that Crum had informed the governor’s office of his plan, but Bushnell declined to answer when she was asked when, exactly, Dunleavy was informed. The governor’s office “cautioned that any investments made needed to be in accordance with established investment policies and procedures,” Bushnell said.

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The idea for the $50 million investment in private equity, Crum said, was to resume a practice first initiated by lawmakers more than 20 years ago, of investing some funds from Alaska’s Constitutional Budget Reserve in a subaccount with the goal of yielding “higher returns than might be feasible to obtain with other money in the budget reserve fund,” assuming that the funds would not be needed for at least five years, according to state statute.

But lawmakers liquidated the subaccount’s nearly $7 billion in 2015 amid a decline in oil revenue, and hadn’t used it since, though its existence remained prescribed in law. Since 2020, the Department of Revenue’s policy has remained to keep the funds from the Constitutional Budget Reserve — which currently stand at roughly $3 billion — in short-term investments, under the assumption that the funds might be needed in the near term. Indeed, under Dunleavy’s most recent budget proposal, the funds in that account would have been fully spent by 2028, far before the five-year timeline prescribed in the subaccount statute.

Because the funds in the account for years have been invested accessibly and with lower rates of return, “simply leaving all of the money in the Constitutional Budget Reserve was actually irresponsible,” Crum concluded.

Crum said he asked former Alaska Attorney General Treg Taylor if he could revive the subaccount to “invest in alternatives” that would both have a higher rate of return and “help Alaska as a whole.”

“They said, ‘yes you can, make sure that you update the investment policy statement,’ ” Crum said.

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The Department of Law did not respond to questions from the Daily News, including whether Taylor — who himself resigned in August to run for governor — reviewed the investment proposal.

Crum said that once he decided to revive the subaccount, he chose to invest in digital infrastructure — a category that includes data centers and cellphone towers — because these are “the things that we’re actually going to need more and more of because we don’t have enough power and we don’t have enough data.” He said he chose the firm DigitalBridge after meeting with members of the firm both in New York and in Alaska.

According to Crum’s public calendar, he met with DigitalBridge executives four times in November 2024, including one meeting to which both Dunleavy and Alaska Gasline Development Corp. President Frank Richards were invited. Dunleavy spokesperson Jeff Turner did not respond Friday when asked whether Dunleavy did, in fact, attend the meeting, and whether the potential investment was discussed.

DigitalBridge, headquartered in Florida with assets estimated at around $106 billion, was founded as Colony Capital by Thomas Barrack, an adviser and fundraiser for President Donald Trump. In 2024, the U.S. Securities and Exchange Commission charged the firm with breaches of its fiduciary duty.

Crum said DigitalBridge is “interested in Alaska for a lot of things” and “they’ve come up here a lot.” However, he said the $50 million he committed to the firm was not intended for in-state investment.

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“It was actually directly written into the documents that this is not for in-state investment,” Crum said. “The idea on that is, you want to actually invest on the merits.”

“Over time, as we look to actually develop infrastructure and have this in Alaska, having a relationship with an investment firm like this actually draws attention from other investment firms,” Crum added.

Crum said he committed $50 million to DigitalBridge with an intention of expanding the subaccount investments up to 10% of the value of the Constitutional Budget Reserve — which would amount to roughly $300 million — but that didn’t happen before he left the department.

On Sept. 30, Acting Revenue Commissioner Janelle Earls wrote to legislative auditor Kris Curtis to inform her of the investment decision, noting the letter was part of the department’s protocol for “non-routine investments.” On the same day, Dunleavy called Edgmon and Stevens to tell them about the investment.

Edgmon said in an interview that his impression from the call was that Dunleavy had not been aware of the $50 million obligation before Crum resigned.

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Edgmon, a Dillingham independent, said he’s “confused” about Crum’s assertion that he ran the investment decision by Dunleavy and the Department of Law.

“It’s my understanding that the governor’s office is saying otherwise, and it’s troubling that we don’t know what took place,” said Edgmon.

Edgmon said that Dunleavy promised him and Stevens that an independent third-party review of the investment agreement would be conducted.

The Department of Revenue and the governor’s office did not answer questions on who is conducting that review or when its results were expected.

Crum, meanwhile, said Friday that “the whole claim that no one knew this was coming is a complete and utter lie.”

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Crum said that Dunleavy likely reached out to lawmakers to inform them of the investment commitment “as an olive branch.” As for the independent review of the investment decision, Crum said he sees it as Dunleavy ensuring “transparency for the public.”

That’s not how the Department of Revenue portrayed it. In an email, Bushnell said that “after the former Commissioner left state service, the newly appointed Acting Commissioner (Earls) expressed concern over the process utilized for making the investment. After being advised of the acting commissioner’s concerns, the governor apprised legislative leadership of the transaction, forwarded documents to the legislative auditor for review, and directed an outside third-party review be conducted to determine whether there were in fact any violations of policy and make process recommendations as appropriate.”

Bushnell did not answer questions on the specific cause for Earls’ concern.

Edgmon said that lawmakers will review the investment when the Legislature convenes in January.

“The whole situation is eyebrow-raising,” Edgmon said, “and until reasonable answers are provided and we can all get to the bottom of this, I think it’s going to remain an issue of concern.”

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Opinion: Life lessons learned from mushing and old-time Alaska

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Opinion: Life lessons learned from mushing and old-time Alaska


A steel arch commemorating sled dog racing was installed over Fourth Avenue in downtown Anchorage in November 2025. (Marc Lester / ADN)

This is the beginning of the Iditarod spring, signaled by the burst of sun and what used to be the long wait for dog teams to pass under the arch in Nome, the finish line a thousand miles away from Anchorage. For old-timers, it’s the story of the way Alaska used to be. What once was a 30-day wait has become about 10 days for winners to celebrate and the rest of us to shout, “Well done.”

My story is about family that welcomed immigrants from all over the world to be among the last groups of Indigenous people in the country, a life of taking good care of dog teams, and of parents who taught their children how to live in a wild, rugged frontier.

I came to be in a different age, a time of dog teams that ruled the trails to mining camps and where the salmon ran strongest — before the introduction of the snowmachine that revolutionized rural and Native Alaska.

For the Blatchford family, it is a recognition that some things will always stay the same and everything else changes. All four of my grandparents were noncitizens. My mother Lena’s parents of Elim were Alaska Natives, as was my dad Ernie’s mother, Mae, of Shishmaref. The name Blatchford comes from his father, the Englishman who was born in Cornwall and arrived in Nome during the gold rush. His brother, William, was one of the early immigrants, and by 1899 there was a creek just outside Nome named after him. He discovered gold. My grandfather, Percy, found gold, too, but it was a different kind of wealth, a finding that he had found home and never left.

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I was born in Nome, delivered by an Iñupiaq Eskimo midwife in a one-room cabin where the frozen Bering Sea met the treeless tundra’s permafrost. Dad had a dog team. I like to think that the dogs were anxious for me to be born because it was hunting time for Dad to hitch them up and mush out to where the sea mammals, snowshoe hares, ptarmigan and other game thrived in the winter. My earliest memories are of dogs; all of them working as a team to bring home the game so we could have a fine meal cooked by Lena. In the Arctic, dogs were essential for family survival. If you didn’t hunt, you didn’t eat.

There are several memories that remain strong. I suppose I can call them lessons of the Arctic.

The first is to take care of the dogs and treat them well. Dog lovers all over the world know very well that a dog, whatever the breed, is loyal and will die to protect the one who feeds and pets it. If you don’t feed a husky, it won’t pull, and it could mean a long time before the family eats. When a dog team is hungry, it will race back home to be fed a healthy meal. Mother Lena must have been a great cook because Dad said the dog team always raced back to the edge of Nome, where Lena was waiting beside the propane stove. For Mike, Tom and me, our job was to take the rifle, shotgun and .22 into the cabin to be cleaned and oiled. Once that was quickly done, we unhitched the dogs and then fed the team.

All three of us boys had special responsibilities to Tim, Buttons and Girlie. Tim, the lead dog, was brother Mike’s pet; Tom had Buttons, and I had Girlie. We made sure they were healthy and well cared for. Dad would often comment that “Papa,” our grandfather Percy, the Englishman, took good care of his dog teams, being kind to the dogs and feeding them. Dad was the oldest of a large family that lived in Teller and later Nome.

“Papa” Percy was a prospector, fox farmer and a contestant in the All-Alaska Sweepstakes, the dog team race from Nome to the mining camp of Candle, a 400-mile race. He didn’t win, but he finished well, very well. The stories of the Sweepstakes have remained with the family for over a century. At a memorial service in Palmer for “Doc” Blatchford, Aunt Marge, without a question or a prompt, said that Papa took good care of his dogs.

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Percy Blatchford was a legend in the Alaska Territory. As a teacher of Alaska newspapers, I would find headlines similar to one in the Fairbanks Daily News-Miner that blazed on the front page: “Blatchford Wins Solomon Derby.” There was even a story in The New York Times.

There’s probably no other sport in Alaska that brought Alaskans together like dog mushing. When old-timers would visit over strong coffee, dogs and dog team racing would come up. In the territory, there were few high schools and fewer gymnasiums, so the only team sport was dog mushing. It was something to talk about that was unique to Alaskans.

I used to travel in rural Alaska quite a bit. In the smaller communities, I would see the teams and would wonder how long they would power the engines that brought the mail and the foodstuffs down and up the trails. When I think of dog teaming, I think of the Iditarod and wonder, and then come to know, what the strength of the story would mean for bringing generations together from Papa Blatchford to his eldest son Ernie and to the fourth generation of Blatchfords in Alaska.

There are times when I think that old-time Alaska is gone. But then my faith and confidence in the old-time spirit are ignited when I see what others in the Lower 48 see. When I was walking in downtown Philadelphia, I looked up and saw on an ancient federal building a stamped concrete sculpture of a dog musher leaning into a blizzard. Such is the way I think of the Iditarod and the lessons I learned growing up with the dog team, preserved in my memories.

Edgar Blatchford is former mayor of Seward, Mile 0 of the Iditarod Trail.

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These lines are adding Alaska cruises. Is your favorite on the list?

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These lines are adding Alaska cruises. Is your favorite on the list?



New Alaska voyages debut in 2026 as lines like MSC Cruises and Virgin Voyages expand into the booming market.

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Travelers will have new ways to see Alaska this year.

A number of cruise lines are launching sailings to the Last Frontier in 2026, from luxury to large family-friendly and adults-only ships. About 65% of people visiting the state during the summer do so by cruise ship, according to Cruise Lines International Association Alaska, and demand is high.

“I think Alaska is always very popular, but we’re seeing that ships are selling out way quicker than they used to,” Joanna Kuther, a travel agent and owner of Port Side Travel Consultants, told USA TODAY. 

With new inventory opening up this season, here’s what travelers should know about Alaska cruises.

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Which cruise lines are adding Alaska sailings?

  • MSC Cruises will launch its first-ever Alaska sailings aboard MSC Poesia on May 11. The ship will be fresh from dry dock to add enhancements, including the line’s luxe ship-within-a-ship concept, the MSC Yacht Club.
  • Virgin Voyages’ newest ship, Brilliant Lady, will operate the company’s inaugural Alaska cruises. The adults-only cruise line will set sail there starting on May 21.
  • The Ritz-Carlton Yacht Collection will debut its first Alaska cruises this year on its Luminara vessel. The first of those sailings will depart on May 28.

Those join other operators like Holland America Line, Princess Cruises, American Cruise Lines, Norwegian Cruise Line, Royal Caribbean International, Disney Cruise Line, Celebrity Cruises and more.

What are the draws of Alaska cruises?

Glaciers are a major attraction for visitors. “One of the major (draws) is Glacier Bay,” said Kuther. “…And then the other one is definitely the wildlife.”

That includes bears, whales, moose and salmon. In addition to its many natural wonders, the state is also a cultural destination where visitors can learn about its Native peoples.

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When is the best time to take an Alaska cruise?

That depends what you’re looking for. The Alaska cruise season generally runs from April through October, and Kuther said visitors will tend to see more wildlife between the end of June through August.

“That’s super peak season,” she said. “That’s also where you’re going to have more families, more crowds.” Some locals have also said those crowds are putting a strain on the very environment tourists are there to see.

Travelers may find less packed ships and ports by visiting earlier or later in the season – and there are other perks. If passengers go in May “it’s still a little bit snowy, so your scenery is going to be really cool,” Kuther said. Travelers visiting in September or October, meanwhile, could have a better shot at seeing the northern lights.

Where do ships usually sail?

The most popular itinerary is the Inside Passage, according to Kuther. That often sails round-trip from Seattle or Vancouver with stops such as Juneau, Skagway and Ketchikan. “People will go back to Alaska and do different routes,” she said. “This is a very good way to start.” 

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Other options include one-way cruises between Vancouver or Seattle and Anchorage. Travelers can also take cruisetours that combine sailings with land-based exploration, including train rides and tours of Denali National Park and Preserve.

Tips for Alaska cruises

  • Book early: Alaska itineraries sell out quickly, and so do shore excursions. Unique offerings like helicopter tours and dog sledding are popular, and there are only so many spots.
  • Consider a balcony cabin: This is “almost a must” in Kuther’s opinion. Crew members may make announcements about whales or other sightings near the ship, and guests with their own private viewing spot won’t have to race out on deck.
  • Pack carefully: “Packing is an art when it comes to Alaska,” Kuther said. “It really is, because you need so many things.” Her top three picks are bug spray, layers of clothing for the fluctuating temperatures and a waterproof jacket in case of rain.

Nathan Diller is a consumer travel reporter for USA TODAY based in Nashville. You can reach him at ndiller@usatoday.com.



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Alaska lawmakers push Trump administration to waive $100k visa fee for international teachers

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Alaska lawmakers push Trump administration to waive 0k visa fee for international teachers


Some Alaska school districts say they can’t afford to hire and retain international teachers after the Trump administration hiked fees for highly skilled worker visas.  Alaska school districts have increasingly hired international teachers through the H-1B program amid an ongoing teacher shortage. Until last September, the annual fee for such visas was $5,000 per person. […]



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