• Overcast, light rain
  • 57°
    Overcast, light rain
  • Comment

Hot springs owner disputes land appraisal

Posted: May 10, 2013 - 12:11am

FAIRBANKS — The owner of a resort east of Fairbanks wants to expand by buying Fairbanks North Star Borough land but not at the asking price.

Chena Hot Springs Resort owner Bernie Karl says the borough has overpriced 1,482 acres of adjacent borough land. Karl and the borough last year agreed on the sale with the condition that he provide trail access, maintain a public parking lot and agree to easements.

An independent appraiser hired by the borough valued the land at $390 per acre for a total price of $578,370.

Karl says that’s triple what it’s worth.

Borough land department director Paul Costello says the appraisal was reviewed by a third party from Nevada.

Costello tells the Fairbanks Daily News-Miner that he has complete confidence in the appraisal’s accuracy.

  • Comment

Spotted

Please Note: You may have disabled JavaScript and/or CSS. Although this news content will be accessible, certain functionality is unavailable.

Skip to News

« back

next »

  • title http://spotted.juneauempire.com/galleries/377883/ http://spotted.juneauempire.com/galleries/377878/ http://spotted.juneauempire.com/galleries/377873/
  • title http://spotted.juneauempire.com/galleries/377868/ http://spotted.juneauempire.com/galleries/377863/ http://spotted.juneauempire.com/galleries/377858/
  • title http://spotted.juneauempire.com/galleries/377853/ http://spotted.juneauempire.com/galleries/377848/
Middle School Running

CONTACT US

  • Switchboard: 907-586-3740
  • Circulation and Delivery: 907-586-3740
  • Newsroom Fax: 907-586-3028
  • Business Fax: 907-586-9097
  • Accounts Receivable: 907-523-2230
  • View the Staff Directory
  • or Send feedback

ADVERTISING

SUBSCRIBER SERVICES

SOCIAL NETWORKING