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Norwegian Cruise Lines has purchased a vacant lot in downtown Juneau, awaiting the finalization of the bidding process.
NCL Bahamas Ltd., operating as Norwegian Cruise Lines, offered $ 20 million for the land. The second-highest bid was for Royal Caribbean Cruises, which offered $ 13 million, according to Aaron O'Quinn, who is responsible for the Alaska Mental Health Trust Authority's Land Office Program (TLO).
The ORT, which manages the AMHTA-owned lands, currently owns the 3-acre property near Egan Drive. The interim sale was announced following the reading of five sealed offers Monday morning by teleconference in Anchorage.
The Alaska Mental Health Trust Authority has sold its sub-lots along Egan Drive in downtown Juneau to NCL Bahamas Ltd., which trades Norwegian Cruise Lines for $ 20 million. dollars. Norwegian Cruise Lines has until September 19 to meet all the requirements of the bidding process, which includes the payment of 10% of the purchase price. (Michael Penn | Juneau Empire)
The land has been vacant since the TLO purchased the property in the mid-1990s. Juneau Town officials have been encouraging the trust to sell the land for some time and earlier this year the trust commissioned a study to to determine how to make the most of this sale.
According to the Trust's website, the minimum supply for the land was just over $ 3.6 million.
The city and the borough of Juneau submitted an offer of $ 4,250,049, which was ultimately the lowest bid.
Survey Point Holdings, Inc., based in Ketchikan, presented the second lowest offer, $ 5.265 million.
Godspeed Inc., owned by the Binkley family of Fairbanks, also owner of Alaska Dispatch News, offered $ 12.8 million.
The Alaska Mental Health Trust Authority has sold its sub-lots along Egan Drive in downtown Juneau to NCL Bahamas Ltd., which trades Norwegian Cruise Lines for $ 20 million. dollars. Norwegian Cruise Lines has until September 19 to meet all the requirements of the bidding process, which includes the payment of 10% of the purchase price. (Michael Penn | Juneau Empire)
Norwegian Cruise Lines has until September 19 to meet all the requirements of the bidding process, which includes the payment of 10% of the purchase price.
If the required conditions are not met or if Norwegian withdraws from the sale, it will go to the next highest bidder.
This archive photo from September 17, 2018 shows the sub-harbor of the Alaska Mental Health Trust Authority located along Egan Drive in downtown Juneau. (Michael Penn | Juneau Empire File)
• Contact journalist Peter Segall at 523-2228 or [email protected].
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