The Mat-Su Borough Assembly will sell nearly 300 acres of borough property on Point MacKenzie to the Knik Arm Bridge and Toll Authority for a connector road to the as-yet unbuilt toll bridge between Anchorage and the Valley.
KABATA will pay what the borough called a fair market value of $1,279,400 for a three-mile-long, 600-foot-wide corridor across the undeveloped land within the borough port district.
At a meeting Tuesday night, the Assembly voted unanimously to approve the land purchase, which gives KABATA the right of way it needs for a road connecting a Knik Arm bridge with the existing Point MacKenzie Road.
The sale is final, borough officials said — even if the bridge is not built. KABATA has bought the land outright and it does not go back to the borough for public use.