ANCHORAGE - The city of Anchorage has taken possession of the Campbell Creek Estuary as a protected area, offering public access to tidal flats and views across Cook Inlet.
The Great Land Trust conservation group raised $6.1 million to buy the 60-acre property for the city.
The deal closed Tuesday, and Mayor Dan Sullivan and Great Land Trust executive director Phil Shephard appeared at a news conference in City Hall on Wednesday to talk about their agreement, the Anchorage Daily News reported.
Sullivan said at one point last summer, he didn't want to participate in the purchase, but it was never the city's intent to reject the deal.
The city and Great Land worked out details, including an agreement that Great Land will raise another $1 million to remove debris and maintain the property.
"It feels great," said Shephard. "We had our disagreements, and now we've come to a positive resolution for all parties."
The property will be open to the public in 2012.
"We want to make sure people can enjoy it, but we don't want to turn it into a super-recreation area," Sullivan said.