If the state is willing to give it to Anchorage – and maybe help with some initial modification costs – it might be turned into: (1) a  tourist attraction- a "Maritime  and Coastal Alaska  Museum"; 
(2) or converted into that  downtown library so generously paid for through the bequest of an Anchorage resident; or converted into housing for the homeless - complete with offices for social services and with cafeteria and toilets and showers!