Norwegian Cruise Line has emerged as the high bidder for a waterfront property in Juneau, Alaska, offering $20 million for the land, approximately six times the seller’s asking price.
According to Alaska’s KTOO Public Media, the cruise line won the high bid on the land earlier this week, far surpassing the $3.6 million minimum bid sought by the Alaska Mental Health Trust Authority, which owns the 2.9-acre property designated as a ‘subport’ along the Juneau waterfront. The cruise line is yet to reveal any details on its plans for the future of the lands.
By comparison, the city of Juneau bid only $4.25 million for the land, one of the last undeveloped pieces of waterfront land in Juneau.
A total of five bids were made, including Royal Caribbean International at $13 million, the next highest bid after NCL.
NCL now has 15 days to finalize the purchase; if the sale doesn’t go through, the trust will take RCI’s offer, the report said.
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