Anchorage Assembly sets Sept. 15 hearing on land trade of former Tozier Track

Anchorage would trade the former Tozier Track in the UMed District in a non-competitive exchange, headed to a public hearing September 15. The measure authorizes only the land exchange itself, not any rezoning or development agreement.

The 9.6-acre parcel, carried by the Heritage Land Bank as Parcel 3-080, is appraised at $4.125 million. It would be traded to the Alaska Housing Finance Corporation for four downtown parcels in Block 102, totaling 1.6 acres and valued at $5.24 million. The Assembly memorandum describes municipal-led housing and mixed-use redevelopment there as the stated purpose. The measure also amends the 2026 Heritage Land Bank Work Program, which did not list the parcel for disposal.

Municipal code lets the Land Bank exchange land on at least an equal appraised value basis. The memorandum says the municipality takes in about $1.1 million more than it gives up.

Officials pitched the trade to an Assembly work session on August 28. Written comments and phone sign-up are at www.muni.org/testimony; phone sign-up closes 5 p.m. September 14.