From the Anchorage Daily News
U.S. Sen. Lisa Murkowski said this morning that she and her husband intend to sell back their Kenai riverfront property to Anchorage businessman Bob Penney....
Murkowski told reporters in her Capitol office this morning that Penney, a real estate developer who does business in Alaska and Outside, has agreed to buy back the property for the $179,400 purchase price she and husband Verne Martell paid Dec. 22, 2006.
âWhile Verne and I intended to make this our family home and we paid a fair price for this land, no property is worth compromising the trust of the Alaska people,â Murkowski said in a written statement. âI cannot allow this to become a distraction from the major challenges faced in representing Alaska. So we have decided to sell this property back to Bob Penney at the same price for which it was purchased.â
Read the post that started Murkowski's headache here