Borough releases institute property prospectus

 


Borough officials have officially released a six-page summary of their hopes for the Wrangell Institute Property.

The prospectus, which is designed to attract as many potential developers as possible, estimates the property’s worth at $1,625,000, and lists the plot’s size as 134 acres. Officials released the prospectus two weeks ago, and marks a new foray by the borough into real estate match-making. A single firm had notified the city that they had downloaded the proposal as of last week. The prospectus’s listed closing date is May 22.

“The goal of the City and Borough of Wrangell...



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