Published 3 months ago

An appraiser told Anchorage its property was worth $3M. The city sold it to the former mayor for $2M.

Summary by Ground News

Anchorage Community Development Authority is selling a downtown parking lot for $1 million less. The lot was bought by developers Mark Begich and Sheldon Fisher, who are renovating a nearby hotel. Two independent real estate appraisers say the sale price was lower than the property would likely fetch on the open market.

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Alaska Public Media

An appraiser told Anchorage its property was worth $3M. The city sold it to the former mayor for $2M.

The municipal board that approved the sale — and a below-market lease — includes two members with ties to former mayor and former U.S. Sen. Mark Begich.

3 months ago

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