Borough proposes auction, lottery system for Alder Top land sale
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November 22, 2023
The borough is proposing to sell the 10 front-row lots (numbers 2 through 9, and 21 and 22) by competitive bid, with the 10 back-row lots (numbers 11 to 20) to go on sale in a lottery. The borough will conduct another public survey and hold additional public hearings before adopting the final sales plan.
Borough staff presented their plan for selling the first 20 lots of the Alder Top Village (Keishangita.'aan) subdivision to the Economic Development Board and members of the public at a work session Nov. 16. The plan is to sell the first row of 10 lots - the ones with waterfront views - at a public auction and the second row of 10 using a lottery system.
The auction is tentatively scheduled for May 2024 and the lottery for June 2024, with buyers receiving access to their land in September, though this timeline will be dependent on the construction schedule and municipal processes.
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