Because the systems inside are so far gone it's doesn't make financial sense to do so.  The same people crying for the building to be shut down would scream bloody murder if 200 homeless types were dropped into their neighborhood .  Street corners in mid town are already a magnet for drunks seeking booze money . Adding housing there for misfits , drunks ,  pot heads and spice junkies would really wreck what is already turning into a crummy section of Anchorage. Spenard's former bad reputation is returning .