Stroh v. Alaska State Housing Authority

OPINION

DIMOND, Justice.

Appellant leased the Aurora Hotel property in Anchorage from Catherine Grasser *482for a five-year term in 1952 or 1953. The lease was renewed for subsequent five-year terms in 1957 and 1962 — the expiration, date of the last term being December. 31, 1967.

In 1965 appellee took the Aurora Hotel property under its power of eminent domain in connection with an urban renewal project. The value of the property was fixed at $92,500.00, and appellant’s leasehold interest in the property, at $3,750.00. Compensation was not allowed for appellant’s claimed property right in the…