Complex sentence: It was built on Lakeland Drive on the outskirts of Anchorage and it initially housed the "Home for Juvenile Delinquents at Lakeland," in 1873 it was converted into the state's fourth lunatic asylum, and renamed Central Kentucky Lunatic Asylum.
Split into simpler sentences: It was built on Lakeland Drive on the outskirts of Anchorage and it initially housed the "Home for Juvenile Delinquents at Lakeland". In 1873, it was converted into the state's fourth lunatic asylum and renamed Central Kentucky Lunatic Asylum.