text: I don't have a fundamental problem with the purchase of the LIO in Anchorage, with one caveat. 
  
  I'm no doomsdayer, but I think it's a fair statement that Alaska's economy is contracting, and we are probably heading towards a recession.  In terms of commercial real estate, what's worth 32.5 million today, may only be worth 20 or 25 million in a few years when we're knee deep in our economic woes. 
  
  Maybe it would be a better deal to continue leasing the building year to year and finally purchase it when the commercial real estate market hits rock bottom.  Buying it right now equates to little more than a golden parachute for the developer.