April 17, 2008

Credit Union sues builder over delinquent loans. Claims Fraud.

Fraud also? Didn't pay his bills? Lied to people? How can they say that ?
-Blog editor

The Associated Press
(from Anchorage Daily News)
April 17, 2008

The state's third largest credit union is suing a prominent home builder over millions of dollars in delinquent loans.

Denali Alaskan Federal Credit Union filed its lawsuit in March. It says Lee Baker Jr. and his business associates are responsible for $16 million in delinquent loans for building projects in Anchorage and the Matanuska-Susitna Borough.

The credit union also accuses Baker and his wife, Pat Baker, who is a real estate agent, with fraud. The lawsuit says the total debt owed is $16.9 million, plus interest and fees. The lawsuit also seeks punitive damages.

Full Story:
http://www.adn.com/news/alaska/ap_alaska/story/378726.html

February 13, 2008

Discovery Construction - Hard Times

Shed some crocodile tears with me on this one.
The Daily News details the financial troubles of Discover Construction and Lee Baker.

Housing hard times
Soft market strains builder who specialized in lower-cost houses
By WESLEY LOY
wloy@adn.com | wloy@adn.com
Anchorage Daily News
Published: February 13th, 2008

see the full story at:
http://www.adn.com/money/story/313459.html

September 12, 2007

MOA Response to Bryn Mawr Traffic Impact Analysis

Municipality of Anchorage Traffic Engineer, Bob Kniefel responds to Discovery Construction's Traffic Impact Analysis (TIA).
Read the entire letter.

September 11, 2007

Correction

Note:
The link for viewing the Traffic Impact Analysis (see June posting) was not working for a time. It is now fixed. Gordon Jones, Editor.

August 26, 2007

Discussion with Lee Baker, MOA, Residents

This is from the University Area Community Council Newsletter.
August 2007

Bryn Mawr Update – Condos not Apartments.

"Members of the College Alps and Castles of Bryn
Mawr boards, and 3 members of the UACC met with Denis LeBlanc, Lance Wilbur and Lee Baker to address our concerns regarding the Bryn Mawr project. Mr. Baker stated that the market has changed since he first planned this building and now the structure will be built as condos with wood floors and granite counters. He will also have a number of completed condos and will finish the rest as they sell. The Municipality is requiring Discovery to upgrade the intersection of NLB and Wesleyan with two left turn lanes from both the north and south sections of Wesleyan and one ingress lane and one right or straight-across lane. We all went over many of the issues we have stated in previous meetings and comments regarding the various TIAs. At the end of the meeting it was agreed we would reconvene after the MOA Traffic Engineer and Lance Wilbur thoroughly looked at the TIA. They agreed to look at a traffic study after school started and also at the intersection of Bryn Mawr and Wesleyan."

June 23, 2007

Traffic Impact Analysis

A Traffic Impact Analysis (TIA) for the proposed Bryn Mawr Apartments was produced by Tryck Nyman Hayes dated June 15, 2007. University Area Community Council president Susan Klein received a copy of the TIA on June 21.

This is a 360 page document. As a PDF file it is now 5.6 megs in size; rather large. If you select this link, please be prepared for the download to take a bit of time dependent on your connection speed and PC configuration.

If anyone desperately wants to read the document but cannot access it via the link below, please contact me, Gordon, at College.Gate@gmail.com.

Here's the link: Traffic Impact Analysis, June 15, 2007

May 30, 2007

UACC Meeting - June 6

University Area Community Council meets Wednesday, June 6 night at 7pm.

Where: College Gate Elementary School Library, 3101 Sunflower.


Also the Muni has granted Discovery Construction a Structural Permit for Footing/Foundation dated May 8. I will post more as I get more information on this.