Anchorage LIO owner files $37-million claim against Legislature
The owner of the Anchorage LIO building — 716 West Fourth Avenue LLC — is seeking $37 million in damages from the state, following a lease procurement by the Alaska Legislature in 2013 which has since been declared invalid by a judge.
The move comes after months of debate in the Legislative Council about whether to maintain the Legislature’s $275,000 per month lease at the downtown Anchorage building, in light of the state’s nearly $4 billion revenue shortfall.
In May, lawmakers approved a budget that included $12 million for a move into the Spenard Wells Fargo building instead. On Monday, Sen. Gary Stevens, chair of the Legislative Council, said lawmakers are still moving forward on that purchase.
“We still believe we can achieve a pathway to savings and are disappointed that we are forced to take this step,” said Amy Slinker, a spokesperson for 716 West Fourth LLC, in a statement regarding the company’s claim Monday. “We are willing to work with the Legislature to achieve savings but without the Legislature’s cooperation, we have no choice but to seek legal recourse.”
Stevens said the Legislature’s lawyers are still reviewing the complaint.
“It’s not anything unexpected,” Stevens said. “It’s not a lawsuit, it’s just asking us to look at some issues and think about them.”
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