Chena Hot Springs Land Deal Faces Opposition

A second proposal to sell Fairbanks North Star Borough land to Chena Hot Springs Resort owner Bernie Karl is opposed by some borough assembly members who say the plan ignores guidelines set.

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by Associated Press

FAIRBANKS- A second proposal to sell Fairbanks North Star Borough land to Chena Hot Springs Resort owner Bernie Karl is opposed by some borough assembly members who say the plan ignores guidelines set.


The new proposal follows an earlier one that fell apart when Karl said it wasn't fair. Karl wants to expand his resort.


The first appraisal of the 1,482 acres came in at $390 an acre, equaling a total price of $577,980.


The proposal now in front of the assembly would offer Karl a credit worth $282,720, nearly half of the initial appraised figure, for public use provisions he's agreed to make to the property.


But critics on the assembly say that deal ignores the assembly's directive to average two appraisals.

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