Anchorage Community Development Authority

What Anchorage Community Development Authority does

Anchorage Community Development Authority (ACDA) is a municipal corporation, established in 1984 under the Municipal Code of Anchorage, that operates the EasyPark parking division and serves as a public-private partnership (P3) facilitator for the Municipality of Anchorage. EasyPark manages more than 6,000 parking spaces across downtown garages and lots, generating fee revenue from transient parking, monthly rentals, and citations. ACDA also acts as a development catalyst: acquiring strategic parcels (e.g., 716 W 4th Avenue for $14M in 2018, the JCPenney garage for $1.7M, and an 80% stake in the former Nordstrom building for $1.5M), structuring ground-lease P3s with private developers (Block 96 Flats with Debenham Properties; 6th Avenue Center with 6th Avenue Center, LLC), and administering economic incentive programs including the Great Streets Façade Loan Program (up to $25,000 for businesses and $100,000 for building owners at 5% interest) and the Beyond the Beige arts initiative.

ACDA's technology footprint is modest and primarily external. The organization hosts a deployment of PolicyMap, a GIS-based community data platform offering 75,000+ indicators sourced from 170+ providers, used to support housing planning, grant applications, and outreach. The authority operates an annual P3 Summit to convene developers, planners, and finance professionals and issues RFPs/RFIs for development, parking, and consulting services through Cognito Forms subscription distribution. Revenue streams are diversified across (i) usage-based parking fees via EasyPark, (ii) one-time property sale gains (e.g., $18M on 716 W 4th Avenue in April 2023), (iii) recurring ground-lease income from P3 sites, and (iv) interest income from the façade loan portfolio.

ACDA is a wholly-owned public authority of the Municipality of Anchorage, with no external shareholders, venture capital, or audited revenue disclosures. The organization serves three primary constituencies: the Municipality itself (as asset manager and development partner), private developers (as ground-lease counterparty and structured-parking co-investor), and downtown business and property owners (as lenders under the façade program and as tenants of ACDA-leased retail space). Distribution is direct and project-based, conducted through RFP/RFI procurement processes and negotiated P3 agreements rather than traditional sales channels.

Name

Anchorage Community Development Authority

Legal name

Anchorage Community Development Authority

Website

https://acda.net

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

51–100 employees

Short description

Anchorage Community Development Authority (ACDA) is a municipal corporation that operates the EasyPark parking division (6,000+ spaces) and facilitates Anchorage urban redevelopment through public-private partnerships, ground leases, and economic incentive programs for the Municipality of Anchorage.

Ownership category

akta.pro rank

Headquarters

HQ city

Anchorage

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. EasyPark Parking Services: ACDA operates EasyPark, managing over 6,000 parking spaces in downtown Anchorage through parking garages and lots. Revenue generated from parking fees and citations.
2. Property Sales: ACDA generates revenue through strategic property transactions. Examples include $18 million sale of 716 W 4th Avenue building to Municipality of Anchorage, and $1.7 million JCPenney garage acquisition.
3. Property Leasing: ACDA leases retail spaces (e.g., 1,370 sq ft at 245 W 5th Avenue, 2,132 sq ft at 425 C Street) and ground leases for development projects (e.g., 6th Avenue Center LLC ground lease, developer ground leases for Block 96).
4. Great Streets Facade Loan Program: Low-interest loans provided to business owners (up to $25,000) and building owners (up to $100,000) for facade improvements. Program generates interest income at 5% with up to 60-month repayment terms.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

ACDA is a municipal corporation that encourages and facilitates responsible development and redevelopment in the Municipality of Anchorage through public-private partnerships. It operates EasyPark, managing 6,000+ downtown parking spaces, and administers low-interest facade improvement loans (up to $25,000 for businesses, $100,000 for building owners).

Differentiator

Problem solved

Functional benefit

Brands

• EasyPark: Parking division of ACDA providing affordable, convenient, and secure parking options in downtown Anchorage.

Products and services

• EasyPark Parking Services Direct management of 6,000+ parking spaces through garages and lots in downtown Anchorage, providing affordable, convenient, and secure public parking options to downtown visitors, workers, and residents.
• Great Streets Facade Loan Program Low-interest loan program providing up to $25,000 for businesses and up to $100,000 for building owners for facade improvements including painting, awnings, signs, murals, windows/doors, lighting, and design work in designated improvement districts.
• PolicyMap Community Data Platform Online GIS mapping and data analytics tool making community data accessible to residents, partners, and organizations. Provides housing, demographics, income, health, economy, education, and quality of life indicators for evidence-based community planning and grant applications.
• Block 96 Flats Housing Development Five-story 48-unit market-rate apartment complex featuring studio and one-bedroom units with in-floor radiant heating, in-unit laundry, secure entry, and heated garage parking at 8th & K Street in Anchorage.
• 6th Avenue Redevelopment Project Mixed-use redevelopment of 6th Avenue Parking Mall into a multi-use property including hotel, residential, restaurant, and retail spaces, estimated at $60-65M total investment through a ground lease partnership.

Quantifiable outcome

• Block 96 Flats: 48 market-rate units, first major housing addition in over 15 years
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eight partnerships are on record, tiered minor and core.

• Boazu-AK (Kristine Bunnell, Holly Spoth-Torres, Shanna Zuspan)minorImplementation/ SI/ Consulting Partner · 6 October 2023Consulting team for Midtown District Plan and Business Improvement District Study. Kristine Bunnell brings 25 years public sector experience including 'Our Downtown Plan'. Funded by ARPA grants totaling significant investment.
• Municipality of Anchorage Long-Range Planning DepartmentcoreStrategic or Co-development Partner · 6 October 2023Joint project leadership for Midtown District Plan. Project managers Daniel McKenna Foster (MOA) and Melinda Gant (ACDA) coordinating comprehensive planning effort for Midtown, Spenard, and North Star neighborhoods.
• University of Alaska Anchorage (UAA) Alaska Small Business Development CenterminorStrategic or Co-development Partner · 13 July 2023Partnership to launch Great Streets Facade Improvement Loan Program. UAA SBDC provides application support and business development guidance for program participants seeking facade improvements.
• 6th Avenue Center, LLCcoreStrategic or Co-development Partner · 19 January 2022Ground lease partnership for 6th Avenue Parking Mall redevelopment into multi-use property with hotel, residential, restaurant, and retail. Development team includes RIM Architects, Venture North Group, Cornerstone General Contractors, and 49th Fund LLC. Estimated $60-65M investment.
• Debenham Properties (Debenham Construction)coreStrategic or Co-development Partner · 24 March 2021First major P3 partnership for Block 96 Flats development - 48-unit market-rate apartment complex at 8th & K Street. Debenham Properties led construction while ACDA provided land and $1.8M structured parking investment. Total project cost $11.6M, creating 60 construction jobs.
• Dorsey & WhitneyminorStrategic or Co-development Partner · 27 February 2019Legal partner for P3 Summits (2017-2019) providing expertise on public-private partnership structures, opportunity zones, and redevelopment tools. Presented by P3 experts Diana Parks and Lynnette Slater Crandall.
• Agnew::BeckminorStrategic or Co-development Partner · 27 February 2019Consulting partner for P3 Summits and Midtown District Plan/BID Study. Shanna Zuspan led presentation on redevelopment tools, cost, and feasibility. Awarded Midtown BID Study contract.
• University of Alaska Anchorage AthleticsminorGTM or Marketing Partner · 11 December 2018Seawolf Saturday partnership connecting UAA athletics to downtown Anchorage. EasyPark Parking Safety Officers distribute game day vouchers and promote university events to drive attendance and downtown engagement.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Seattle Office of Economic Development: A municipal economic-development function that brokers real estate, runs P3/community-development projects, and partners with private developers in a single downtown core — a structurally analogous role to ACDA in Anchorage.
• Denver Urban Renewal Authority (DURA): A quasi-municipal urban renewal authority that acquires blighted parcels, issues RFPs, partners with private developers, and orchestrates downtown redevelopment. Its P3 and TIF-style toolkit mirrors ACDA's ground-lease + redevelopment model.
• Portland Development Commission (Prosper Portland): City of Portland's economic and urban-renewal agency that finances, owns, and disposes of real estate assets to drive mixed-use and affordable-housing outcomes — closely paralleling ACDA's housing-and-place agenda.
• Philadelphia Redevelopment Authority: Municipal authority that acquires and dispositions vacant/underutilized properties, runs RFP processes, and partners with private developers for mixed-use and housing redevelopment — same operating playbook as ACDA.
• Chicago Metropolitan Housing Development Corporation: A public/quasi-public entity underwriting affordable and workforce housing through land write-downs and developer partnerships. Its housing-development and public-financing mechanisms closely mirror ACDA's Fireweed Flats and Block 96 work, although it serves Chicago/Cook County rather than Anchorage.
• Cleveland Landmarks Commission / City of Cleveland Department of Community Development: Municipal body that administers façade-revitalization loan programs and targets downtown-building improvements — directly comparable to ACDA's Great Streets Façade Loan Program with its 5% interest, capped-loan structure.

Broad incumbents

• Massachusetts Bay Transportation Authority (MBTA) Real Estate: A large transit/transport agency that monetizes station-adjacent real estate via ground leases and joint development. While transportation-focused, its joint-development and parking-asset structure shares ACDA's parking-to-real-estate economics.
• San Francisco Office of Economic and Workforce Development: City agency coordinating economic development, housing pipelines, and P3 deal-making; broader in scope than ACDA but operates with the same municipal-corporation logic of using public assets to leverage private investment.
• LA Metro Joint Development: A large transit agency's joint-development arm that controls station-area land, enters ground leases, and partners with private developers — similar real-estate-and-P3 chassis to ACDA's parking-garage-adjacent redevelopment strategy.

Others

• Downtown Denver Partnership: A downtown-management nonprofit that convenes developers, runs BID-style programming, and promotes place-based activation. It parallels the 'Activate Downtown' community-events/P3 convening role that ACDA plays in Anchorage beyond its hard-asset work.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ACDAuthority
• YouTubeyoutube.com/@ACDA-AK
• Facebookfacebook.com/Anchorage-Community-Development-Authority-121652411229116
• LinkedInlinkedin.com/company/anchorage-community-development-authority

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Anchorage Community Development Authority