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ACDA proposes Block 102–Tozier land swap to unlock two housing projects
Summary
ACDA told the Anchorage Community and Economic Development Committee it intends to transfer downtown Block 102 to HLB in exchange for the Tozier Track, a transaction ACDA says would enable up to 200 mixed‑use units downtown and separate first‑time‑buyer housing at Tozier. Members pressed ACDA for valuation parity, timelines and stronger commitments from AHFC.
ACDA representatives presented a coordinated land‑swap plan that would trade downtown Block 102 for the HLB‑owned Tozier Track and aim to deliver two housing outcomes: downtown workforce/market housing and Tozier redevelopment focused on first‑time buyers.
"The first reason is because we have a 2 for 1 housing opportunity," ACDA said, describing an exchange intended to unlock up to about 200 mixed‑use units on Block 102 and permit a separate AHFC‑led project at Tozier. ACDA said appraisals have been completed, an MOU exists with HLB and AHFC, and the agency plans to "introduce an ordinance for approving the transfer on the 1st with public hearing on the 15th." The presentation framed the swap as a way to convert underused public land into taxable, long‑term housing assets.
Committee members pressed for specifics. Member Brawley asked how appraisal differentials between the two properties will be handled; ACDA said it will account for city contributions and infrastructure assistance, and will present detailed parity calculations at a planned work session. Member Baldwin Day told the committee he would like AHFC to appear in person and said he has "very little confidence in AHFC's ability to deliver on this project in a timely fashion," asking for clearer AHFC development timelines and written expectations.
ACDA emphasized that the transfer is an enabling step and not final approval for designs or zoning changes; the agencies expect separate public processes, appraisals, environmental reviews and RFPs after the transfer. Next steps described to the committee include presentation to HLBAC, a work session with the assembly, ordinance introduction and public hearings prior to executing the exchange.
