Mr. Scott, I would say that you haven't been in Alaska for much time.  The 4th Ave. Theater is a treasure.  Back in the fifties and sixties, we kids would go and spend 25 cents for a ticket.   It is a beautiful magical place of warm wood paneling, gold leaf sculptural murals, and starry lights in the ceiling of the northern sky.  No expense was spared in the materials used and its construction.  It was finished in 1947, the year I was born in old Providence.                                  

My sister was there in the balcony during the big 1964 earthquake.  That building came through with no damage.  The land under it is sound and didn't liquify.

There was a back exit that went past the stairway to Cap Lathrop's radio and TV stations in that building.  There's even a ghost in an apartment, upstairs.

This building is historically important to Anchorage.    https://en.wikipedia.org/wiki/Fourth_Avenue_Theatre_(Anchorage,_Alaska)