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Mike Hawker's $34 million scam Alaska State Rep. Mike Hawker negotiated a 10-year lease extension with developer Mark Pfeffer. The Legislature will pay $281,638 a month, or $3.4 million a year, for 10 years once Pfeffer and his partners remake and expand the building. It's supposed to be ready by December 2014. The demolition of the Anchor Pub will make room for the addition. 
According to Norene, the broker who has examined the terms in detail, the real price is much higher and the square footage is much less than what the lease says. The deeper he dug, he said, the more anomalies he found."It just bugged me to death," Norene said in a recent interview. "I got hold of the lease and figured out what it is actually costing and how outrageous it really is." The price specified in the lease doesn't include property taxes, building insurance, utilities, routine maintenance or janitorial service -- standard expenses that Anchorage developers, including JL Properties, say typically are included in commercial leases. The state will pay for those in addition to rent. © AlaskaReport.com All Rights Reserved. |