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Lawmakers Mulling Anchorage Office Purchase

Published On: Mar 17 2014 07:51:41 PM AKDT   Updated On: Mar 17 2014 07:56:49 PM AKDT
(img1)20131108 LIO Renovation


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 Legislative Information 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.