Sounds rather cryptic to me. I question whether there's anything "bizarre" about this. When Ice Alaska lost their lease with the railroad and moved to this location (an exhausted gravel pit, the southern part of which was supposed to be redeveloped into a high-end riverfront subdivision but didn't happen), there was tons of talk about how this building had issues with building code compliance. Moving outside city limits made that issue go away, but didn't fix any problems with the building.

BTW, I question whether Sam Friedman has been around long enough to understand the significance of "Phillips Field Road". Then again, that may apply to others. Not long ago, I was at the museum downtown, where they have a 1963 aerial photo of Fairbanks hanging on the wall. I was talking with some folks and mentioned Phillips Field in a context other than the road. They said "You mean there was an airport there?". When I pointed it out, they were like "Wow, you're right, there was an airport there".