An appraiser told Anchorage its property was worth $3M. The city sold it to the former mayor for $2M.

In 2019, an Anchorage real estate firm estimated the market value of a downtown parking lot at more than $3 million. Earlier this year, an obscure city agency voted to sell the lot for $1 million less. The buyers were a pair of politically connected developers, who are in the…

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