The deal would lead to new housing in Girdwood, but community leaders fear the homes will only be affordable to the wealthy.
Anchorage officials are considering a deal for three tracts of land in Girdwood, pictured here in September 2022 on the far side of the creek, to a developer, who intends to prepare the land for homebuilding. The community wants affordable, year-round workforce housing to be part of the development. a deal that will open up valuable public landBut in the resort community within the boundaries of Anchorage, the proposal is fraught. On one hand, Girdwood isfor its workforce.
“We really do have a crisis in Girdwood,” Daniel said. “I did property management in Girdwood for over 20 years of long-term rentals. I used to manage 70 doors in Girdwood. I saw that start to drop about 10, 12 years ago. And what folks were doing was taking their old rental properties and turning them into VRBOs .”calls for Anchorage’s Heritage Land Bank to give developer CY Investments, LLC, three tracts along Crow Creek Road that an appraiser valued at $2.1 million.
But Daniel and Edgington said they’re not satisfied with the overall deal. Edgington said even with the short-term rental restriction, he’s concerned wealthy people will buy them as second homes and leave them unoccupied most of the year. He said Girdwood is at an “existential inflection point.”
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