{"id":52863,"date":"2019-09-09T07:55:00","date_gmt":"2019-09-09T15:55:00","guid":{"rendered":"https:\/\/www.juneauempire.com\/news\/cruise-line-buys-downtown-waterfront-property-for-20m\/"},"modified":"2019-09-10T17:04:54","modified_gmt":"2019-09-11T01:04:54","slug":"cruise-line-buys-downtown-waterfront-property-for-20m","status":"publish","type":"post","link":"https:\/\/www.juneauempire.com\/news\/cruise-line-buys-downtown-waterfront-property-for-20m\/","title":{"rendered":"Cruise line buys downtown waterfront property for $20M"},"content":{"rendered":"\n\t\t\t\t

Norwegian Cruise Lines has purchased a vacant lot in downtown Juneau, which is now pending finalization of the bidding process.<\/p>\n\t\t\t\t

NCL Bahamas Ltd., which does business as Norwegian Cruise Lines, offered $20 million for the land. The next highest bidder was Royal Caribbean Cruises, which offered $13 million, according to Aaron O’Quinn, Program Related Investment Manager for the Alaska Mental Health’s Trust Authority Trust Land Office (TLO).<\/p>\n\t\t\t\t

The TLO, which manages land owned by AMHTA, currently owns the 3-acre lot, just off of Egan Drive<\/a>. The provisional sale was announced following the reading of five sealed bids Monday morning via teleconference in Anchorage.<\/p>\n\t\t\t\t

\"The<\/a>

The Alaska Mental Health Trust Authority has sold its subport land along Egan Drive in downtown Juneau to NCL Bahamas Ltd., which does business as Norwegian Cruise Lines, for $20 million. Norwegian Cruise Lines has until Sept. 19 to fulfill all the requirements of the bidding process, which includes paying 10 percent of the purchase price. (Michael Penn | Juneau Empire)<\/p><\/div>\n\t\t\t\t

The plot has been vacant since the TLO bought the property in the mid-1990s. Juneau city officials have been encouraging the trust<\/a> to sell the land for some time, and earlier this year the trust commissioned a study<\/a> examining how it could best profit from the sale of the land.<\/p>\n\t\t\t\t

According to the trust’s website<\/a>, the minimum bid for the land was just over $3.6 million.<\/p>\n\t\t\t\t

The City and Borough of Juneau entered a bid of $4,250,049, which ended up being the lowest bid offered.<\/p>\n\t\t\t\t

Ketchikan-based Survey Point Holdings, Inc., offered up the next lowest bid of $5.265 million.<\/p>\n\t\t\t\t

Godspeed Inc., owned by the Binkley family of Fairbanks, which also owns the Alaska Dispatch News, offered $12.8 million.<\/p>\n\t\t\t\t

\"The<\/a>

The Alaska Mental Health Trust Authority has sold its subport land along Egan Drive in downtown Juneau to NCL Bahamas Ltd., which does business as Norwegian Cruise Lines, for $20 million. Norwegian Cruise Lines has until Sept. 19 to fulfill all the requirements of the bidding process, which includes paying 10 percent of the purchase price. (Michael Penn | Juneau Empire)<\/p><\/div>\n\t\t\t\t

Norwegian Cruise Lines has until Sept. 19 to fulfill all the requirements of the bidding process, which includes paying 10 percent of the purchase price.<\/p>\n\t\t\t\t

If the requirements are not met or Norwegian withdraws from the sale, the sale will go to the next highest bidder.<\/p>\n\t\t\t\t

\"This<\/a>

This file photo from Sept. 17, 2018, shows the Alaska Mental Health Trust Authority subport land along Egan Drive in downtown Juneau. (Michael Penn | Juneau Empire File)<\/p><\/div>\n\t\t\t\t

<\/p>\n\t\t\t\t

\u2022 Contact reporter Peter Segall at 523-2228 or psegall@juneauempire.com.<\/b><\/p>\n\t\t\t\t

<\/p>\n\t\t\t","protected":false},"excerpt":{"rendered":"

Sold to highest bidder. <\/p>\n","protected":false},"author":531,"featured_media":52871,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_stopmodifiedupdate":false,"_modified_date":"","wds_primary_category":11,"footnotes":""},"categories":[11,4],"tags":[75],"yst_prominent_words":[],"class_list":["post-52863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home2","category-news","tag-local-news"],"_links":{"self":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/posts\/52863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/users\/531"}],"replies":[{"embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/comments?post=52863"}],"version-history":[{"count":0,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/posts\/52863\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/media\/52871"}],"wp:attachment":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/media?parent=52863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/categories?post=52863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/tags?post=52863"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/yst_prominent_words?post=52863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}