The Alaska Mental Health Trust Authority has sold its subport land along Egan Drive in downtown Juneau to NCL Bahamas Ltd., which does business as Norwegian Cruise Lines, for $20 million. Norwegian Cruise Lines has until Sept. 19 to fulfill all the requirements of the bidding process, which includes paying 10 percent of the purchase price. (Michael Penn | Juneau Empire)

The Alaska Mental Health Trust Authority has sold its subport land along Egan Drive in downtown Juneau to NCL Bahamas Ltd., which does business as Norwegian Cruise Lines, for $20 million. Norwegian Cruise Lines has until Sept. 19 to fulfill all the requirements of the bidding process, which includes paying 10 percent of the purchase price. (Michael Penn | Juneau Empire)

Cruise line buys downtown waterfront property for $20M

Three-acre lot next to Coast Guard station sold to highest bidder

Norwegian Cruise Lines has purchased a vacant lot in downtown Juneau, which is now pending finalization of the bidding process.

NCL Bahamas Ltd., which does business as Norwegian Cruise Lines, offered $20 million for the land. The next highest bidder was Royal Caribbean Cruises, which offered $13 million, according to Aaron O’Quinn, Program Related Investment Manager for the Alaska Mental Health’s Trust Authority Trust Land Office (TLO).

The TLO, which manages land owned by AMHTA, currently owns the 3-acre lot, just off of Egan Drive. The provisional sale was announced following the reading of five sealed bids Monday morning via teleconference in Anchorage.

The Alaska Mental Health Trust Authority has sold its subport land along Egan Drive in downtown Juneau to NCL Bahamas Ltd., which does business as Norwegian Cruise Lines, for $20 million. Norwegian Cruise Lines has until Sept. 19 to fulfill all the requirements of the bidding process, which includes paying 10 percent of the purchase price. (Michael Penn | Juneau Empire)

The Alaska Mental Health Trust Authority has sold its subport land along Egan Drive in downtown Juneau to NCL Bahamas Ltd., which does business as Norwegian Cruise Lines, for $20 million. Norwegian Cruise Lines has until Sept. 19 to fulfill all the requirements of the bidding process, which includes paying 10 percent of the purchase price. (Michael Penn | Juneau Empire)

The plot has been vacant since the TLO bought the property in the mid-1990s. Juneau city officials have been encouraging the trust to sell the land for some time, and earlier this year the trust commissioned a study examining how it could best profit from the sale of the land.

According to the trust’s website, the minimum bid for the land was just over $3.6 million.

The City and Borough of Juneau entered a bid of $4,250,049, which ended up being the lowest bid offered.

Ketchikan-based Survey Point Holdings, Inc., offered up the next lowest bid of $5.265 million.

Godspeed Inc., owned by the Binkley family of Fairbanks, which also owns the Alaska Dispatch News, offered $12.8 million.

The Alaska Mental Health Trust Authority has sold its subport land along Egan Drive in downtown Juneau to NCL Bahamas Ltd., which does business as Norwegian Cruise Lines, for $20 million. Norwegian Cruise Lines has until Sept. 19 to fulfill all the requirements of the bidding process, which includes paying 10 percent of the purchase price. (Michael Penn | Juneau Empire)

The Alaska Mental Health Trust Authority has sold its subport land along Egan Drive in downtown Juneau to NCL Bahamas Ltd., which does business as Norwegian Cruise Lines, for $20 million. Norwegian Cruise Lines has until Sept. 19 to fulfill all the requirements of the bidding process, which includes paying 10 percent of the purchase price. (Michael Penn | Juneau Empire)

Norwegian Cruise Lines has until Sept. 19 to fulfill all the requirements of the bidding process, which includes paying 10 percent of the purchase price.

If the requirements are not met or Norwegian withdraws from the sale, the sale will go to the next highest bidder.

This file photo from Sept. 17, 2018, shows the Alaska Mental Health Trust Authority subport land along Egan Drive in downtown Juneau. (Michael Penn | Juneau Empire File)

This file photo from Sept. 17, 2018, shows the Alaska Mental Health Trust Authority subport land along Egan Drive in downtown Juneau. (Michael Penn | Juneau Empire File)


• Contact reporter Peter Segall at 523-2228 or psegall@juneauempire.com.


More in News

The Aurora Borealis glows over the Mendenhall Glacier in 2014. (Michael Penn / Juneau Empire File)
Aurora forecast

Forecasts from the University of Alaska Fairbanks’ Geophysical Institute for the week of Nov. 27

Alaska State Troopers logo.
Hunter credits community members for Thanksgiving rescue

KENAI — On Thanksgiving, Alaska Wildlife Troopers released a dispatch about a… Continue reading

The snowy steps of the Alaska State Capitol are scheduled to see a Nativity scene during an hour-long gathering starting at 4 p.m. Friday which, in the words of a local organizer, is “for families to start their Gallery Walk in a prayerful manner.” But two Outside groups dedicated to placing Nativity scenes at as many state capitol buildings as possible are proclaiming it a victory against the so-called “war on Christmas.” The head of Alaska’s Legislative Affairs Agency, which has administrative oversight of the building, said the gathering is legal since a wide variety of events occur all the time, often with religious overtones, but the placement of a fixed or unattended display is illegal. (Jonson Kuhn / Juneau Empire)
Scene and heard: Religious freedom groups say Nativity event makes statement

State officials say happening planned for Capitol relatively common and legal.

(Michael Penn / Juneau Empire File)
Police calls for Thursday, Dec. 1

This report contains information from law enforcement and public safety agencies.

Steve Lewis, foreground, and Stephen Sorensen from the Alaska State Review Board scan ballots from precincts where they were hand counted at the Division of Elections office Nov. 15. Board officials spent the period between the Nov. 8 election and its certification Wednesday performing about 20 different to verify the results. (Mark Sabbatini / Juneau Empire)
Election certified, but challenges pending

Outcome of at least two state House races unknown, which may determine chamber’s leadership

Errol Culbreth and Scotlyn Beck (Polichinelles) rehearse ahead of Juneau Dance Theatre’s production of “The Nutcracker.” The immensely popular ballet is coming to the Juneau-Douglas High School: Yadaa.at Kalé Friday through Sunday. (Ben Hohenstatt / Juneau Empire)
Juneau Dance Theatre is ready to get cracking

“The Nutcracker” is set to run Friday, Saturday and Sunday.

In this photo provided by the National Transportation Safety Board, NTSB investigator Clint Crookshanks, left, and member Jennifer Homendy stand near the site of some of the wreckage of the DHC-2 Beaver, Wednesday, May 15, 2019, that was involved in a midair collision near Ketchikan. The National Transportation Safety Board said Tuesday that the Federal Aviation Administration should tighten rules about minimum visibility during flights and require more weather training for pilots who fly around Ketchikan.  (Peter Knudson/NTSB via AP)
Safety board recommends new measures for Alaska air tours

The board wants regulations for Ketchikan similar to requirements in Hawaii and the Grand Canyon.

(Michael Penn / Juneau Empire File)
Police calls for Wednesday, Nov.30

This report contains information from law enforcement and public safety agencies.

Harbor seals have a face full of whiskers, which the seals use to follow hydrodynamic wakes left by prey fish; even a blind seal can track a fish this way, discriminating victims by size and shape and direction of movement.  (Courtesy Photo / Jos Bakker)
On the Trails: The sense of touch

Touch is a mechanical sense, detecting physical stimuli such as pressure, texture,… Continue reading

Most Read