“Deal still pending for Center loan”



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From the Knik Arm Courier, June 21, 1962:

Efforts to obtain a loan to finance the purchase and repair of the Broadwater building in Eagle River to be utilized as a community center are still underway, according to a spokesman for the Greater Anchorage Area Borough administration.

The Alaska National Bank, a Fairbanks-based institution, has not yet indicated whether they will loan the necessary funds, but on the other hand they have not turned down the deal either.

A proposal will be brought before the Borough Assembly next Monday, which may offer a means by which the loan may be negotiated.

All local banking institutions had rejected the Borough’s application for the loan of the necessary funds.

The Broadwater Building would have been utilized, upon completion of remodeling and repairs, for the housing of various Borough offices, the Goal Center and the Eagle River Volunteer Fire Company.

Note: Many present-day residents of this area do not know where the Broadwater Building is. It’s across from the Eagle River Baptist Church on Monte Road. In the past, it has been used by Parkers Clothing Company, a bowling alley and a small restaurant. It is currently the property of the Baptist Church.

 

This column is provided by the Chugiak-Eagle River Historical Society. Reach them at info@cerhs.org or leave a message at 688-4706.

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