Well, that was fast. It's never a dull moment with the Alaska Congressional delegation these days.  According to a report in the Anchorage Daily News, Senator Murkowski is selling back the land she purchased in a very controversial deal. But, of course, it doesn't mean the sale didn't happen:

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 announced the give back a day after a Washington watchdog group filed a 15-page Senate ethics complaint against her, alleging that Penney sold the property well below market value. The transaction amounted to an illegal gift worth between $70,000 and $170,000, depending on how the property was valued, according to the complaint by the National Legal and Policy Center.

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.

Major kudos are due to TPMmuckraker for breaking this story.  The title of their post is "Murkowski: Uncle!"