$43 million — that’s how much it would cost the state to buy the building the Alaska Legislature is occupying in downtown Anchorage, according to a new report.

Alaska lawmakers are deciding whether to continue their lease at the Legislative Information Office or break it and move into the state-owned Atwood Building.

If they stay, it would cost about $40 million over 10 years, according to the report by the Alaska Legislative Council. A cash purchase would cost about $43 million.

If lawmakers move to the Atwood building, it would cost about $10 million, according to the report.

“For us to be in a space that costs almost twice as much as similar office spaces in other parts of the community, does not make a lot of sense,” said Rep. Sam Kito in a phone conversation.

The current lease expires in 2024. There is, however, a way out of it. If the rent money is not included in the budget, a clause in the lease would allow them to get out of the lease. 

The 14-member legislative council is scheduled to meet Friday in Anchorage to consider the options in the report.