I think this is on the bluff above the port and rail yard, across from downtown, with Elmendorf just behind. The Cook Inlet can be seen through the trees on the left.
The sad news is that the decision has been made to euthanize this cute family. Story is here.
[UPDATE] Department of Fish and Game reconsiders, decides not to kill bears
https://www.youtube.com/watch?v=l_QNtdptja8

[youtube=https://www.youtube.com/watch?v=AcMsP7-OiTg]Black bears in Anchorage’s Government Hill neighborhood

KTVA CBS 11 News

KTVA CBS 11 News

Published on Apr 16, 2015

4/16/15 UPDATE: The Alaska Dept. of Fish and Game told community members at a meeting Thursday that the 5 bears will be euthanized out of concern for public safety. Relocation is not an option, they said.

A family of 5 black bears made their way out of a spruce tree and in the Government Hill neighborhood. Because of the early Spring, lack of natural food sources has forced the sow and her 4 cubs to search for food in the Anchorage Neighborhood, according to officials with the Alaska Department of Fish and Game.