Juneau, Alaska (KINY) - Juneau City Hall has moved to short circuit a proposal to turn a vacant lot on the waterfront at the Subport into a parking lot.
The lot is owned by the Alaska Mental Health Trust Authority.
City Manager Rorie Watt discussed what's going on with Action Line Host Pete Carran on Friday's program. He explained that the trust recently responded to a parking solicitation from the state. "We jumped up and got a little excited, and said, 'Hey, wait a minute, we passed a resolution this summer asking you to sell it to the private sector for development.'"
Watt said the trust has not acted on the parking inquiry and said their message to them is that they think it is in the interest of the trust and CBJ to make that sale. "We think it is in their interest because the offer is twenty percent over appraised value. They'd get a premium on it and right now they are not making any money on it."
Watt explained that the proponents of the development, the harbor and the ocean center had the McDowell Group do an economic study to analyze the stream of payments. "We hope that they will reach the right conclusion which we think is pretty obvious."