Too bad that developers and commercial real estate mavens have no interest in "urban renewal."  I suppose the owners of this and other Spenard locations can build or sell to business that caters to lobbyists and lawyers since the new Anchorage LIO is just up the block. Hmmm seems the web has not refreshed itself - the Anchorage LIO is listed at a 4th Ave address.  ADN left, me - anyway, with the impression that the LIO in Anchorage had moved:

http://anchorage.akleg.gov/index.php