Assembly authorizes purchase and lease‑leaseback financing for City Hall
The Assembly authorized the municipal manager to negotiate and execute a purchase and lease‑leaseback to acquire City Hall for an all‑in appraised price (approx. $35M) and finance the purchase with a 30‑year lease to JP Morgan; administration said the move reduces long‑term carrying costs versus continued rent.
The full story
The Anchorage Assembly on Nov. 4 approved AO 2025‑120 authorizing the municipal manager to negotiate and execute a purchase and sale agreement and related lease‑leaseback financing for City Hall (632 W. Sixth Ave.) and associated parking parcels.
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