Alaska Railroad may transfer about 85 acres to Whittier
If it becomes law, the Alaska Railroad Corporation could transfer about 84.8 acres in Whittier to the city in exchange for fair market value.
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What it does
The law would allow the Alaska Railroad Corporation to transfer about 84.8 acres in Whittier to the city for fair market value. Existing rights remain in place.
Argument forThe transfer could give Whittier control of the land’s surface, which may help the city manage those areas.
Argument againstWhittier could have to pay fair market value or trade land of equal value, which may limit how it can use its money or land.
More detail
The law would authorize the Alaska Railroad Corporation to convey its interest in about 84.8 acres to Whittier. The land is in five areas within Whittier. The transfer covers the Railroad Corporation’s interest in the surface of the land. The transfer is for fair market value. The Railroad Corporation may accept cash, land of equal value, or a mix of both. Existing valid rights remain in place. The Railroad Corporation and the city must make an agreement for needed surveys and plats. Any changed land description is included only if the Railroad Corporation’s board approves it. The Act would take effect immediately if it becomes law.
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