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Anchorage retracts plan to buy hotel for homeless shelter

Correction (12-28-20): The Associated Press erroneously reported that the city had promised to buy the building. City officials only promised to conduct a due diligence review.


Original story: ANCHORAGE, Alaska (AP) — Anchorage has backtracked on a plan to purchase a hotel and convert it into a homeless shelter and resource center. The city announced the change Wednesday involving the Americas Best Value Inn & Suites because of the costly repairs and mandatory upgrades the refurbishment would entail. Anchorage officials say that during the due diligence process, the city found the building would need extensive upgrades to its elevators, stairwells, plumbing and electrical systems. City officials also say that repairs to its exterior and roof were needed. Anchorage has finalized the purchase of the Best Western Golden Lion Hotel, saying it would be converted into a drug and alcohol treatment center.


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