...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...

...the land should be used for housing, which would boost property tax revenue. Great Land Trust executive director Phil Shephard said any property tax revenue from new housing would be offset by additional infrastructure costs like roads and schools...