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Lawmakers mulling Anchorage office purchase

By Associated Press 10:21 AM March 18, 2014

The proposal calls for authorizing the Alaska Housing Finance Corp. to purchase the office building for about $28.3 million.

JUNEAU, Alaska (AP) – Lawmakers are considering the possible purchase of a legislative office building in downtown Anchorage as an alternative to the current leasing arrangement that critics have questioned as extravagant.

The Senate president and House speaker requested seven working days to discuss the idea raised during Monday evening’s Legislative Council meeting with their members.

The proposal calls for authorizing the Alaska Housing Finance Corp. to purchase the office building for about $28.3 million. The current landlord would retain responsibility for completing planned renovations to the building.

The council’s chair, Rep. Mike Hawker, said the arrangement could save about $2.4 million a year.

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(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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