• Forecast
  • News Tip
  • Categories
Temperature Precipitation
Estimated read time
1m 24s

Could tax breaks bring new development to Fairview?

By Lauren Maxwell 7:01 PM June 18, 2014
ANCHORAGE –

Could a break on property taxes be enough to turn a blighted neighborhood around?

Some people who live and work in Fairview are hoping so. Anchorage Assembly members will soon consider a proposal that would declare Fairview a “tax abatement district.”

The distinction would allow developers who build multi-family housing in the zone to write off the cost of the project from their property taxes. Businesses that do major remodels or new construction would be able to write off the cost of improvements required to city utilities. Under the proposal, which is sponsored by Assembly Chairman Patrick Flynn, developers could also write off the cost of environmental cleanup on lots they intend to develop.

Paul Fuhs with the Fairview Business Association is a big fan of the plan. A longtime Fairview resident, he said he knows many parts of Fairview need help to make it a more attractive place to live.

“It’s right downtown, it’s where people would like to live closer to downtown and closer to their work, but under the current conditions we are just not seeing the investment,” Fuhs said. “That’s why we are asking for a tax abatement as an incentive for people to come in and develop these properties.”

A spokesman for Mayor Dan Sullivan said the mayor supports the idea generally, but has some objections to the way the proposal is written now. The mayor is opposed to allowing tax breaks for commercial developers and wants to focus instead on incentives for new housing development citywide. The mayor will introduce his own proposal on Friday. A hearing on the Fairview plan that Flynn is sponsoring is scheduled for July 8 in front of the Assembly.

 

Latest Stories

  • News

    Feds declare salmon disaster for Gulf of Alaska fisheries

    by Associated Press on Jan 20, 8:13

    The federal government has issued a disaster declaration for Alaska’s pink salmon fishery and several other salmon and crab fisheries along the West Coast. The Alaska Journal of Commerce reported Wednesday that Gov. Bill Walker requested the declaration after last year’s pink salmon harvests in Kodiak, Prince William Sound, Chignik and lower Cook Inlet came […]

  • Politics

    Watch Live: Donald Trump sworn in as 45th president of the United States

    by KTVA CBS 11 News on Jan 20, 4:00

      On Jan. 20, 2017, Donald J. Trump will be sworn in as the 45th president of the United States. The swearing-in ceremony will begin Friday at 7:30 a.m. Alaska Standard Time. The official oath of office and inaugural address will happen at 8 a.m. Chief Justice John Roberts will once again administer the oath […]

  • Politics

    Governor, lawmakers find common ground on one issue: Alaska’s heroin epidemic

    by Liz Raines on Jan 19, 20:56

    It’s only the third day of the 2017 legislative session, but already the dialogue in Juneau has been dominated by the state’s budget problem — a $3 billion shortfall, according to Gov. Bill Walker. Lawmakers and the governor may not agree on how to fix the state’s finances, but there is one issue they say […]

  • News

    Crashes involving school busses on the rise in Anchorage

    by Lauren Maxwell on Jan 19, 20:22

    The Anchorage School District is reporting an unusually high number of crashes involving school buses over the past few weeks. Chuck Moore, head of pupil transportation for ASD, said there have been eight crashes since mid December. In every case it was a driver that hit a school bus, almost all with students on board. No […]

  • News

    Where’s the weed? Anchorage pot shops cope with cannabis shortage

    by Shannon Ballard on Jan 19, 19:30

    If you’re hoping to pick up some legal marijuana in Anchorage, you may be out of luck. Currently, there are three stores open locally. Budtenders at Alaska Fireweed say they still have some flower on their shelves, but Dankorage and Artic Herbery say they’re sold out. It didn’t take long for Anchorage’s first pot shop to […]

  • Court docs: APD officer shook hands with suspect wanted for stealing car with toddler inside

    by Daniella Rivera on Jan 19, 18:21

    Anchorage police are still looking for the man they believe stole a running car with a toddler inside on New Year’s Day and has allegedly stolen two more vehicles since. Court documents explain the series of events that led the Anchorage Police Department to their search for 37-year-old Bruce Allen King. In a criminal complaint […]

  • On-Air

    Reality Check w/ John Tracy: The legitimacy of Donald Trump

    by John Tracy on Jan 19, 16:38

    America will swear in a new commander in chief Friday. The ceremony in Washington, D.C. is intended to demonstrate, once again, that a peaceful transition of power is central to our democracy. However, many members of Congress now say they will boycott the inauguration. When Georgia Rep., and civil rights icon, John Lewis said he […]

  • News

    Alaska gasline corporation opens office in Japan

    by Liz Raines on Jan 19, 16:28

    The Alaska Gasline Development Corporation (AGDC) is opening an office in Tokyo, according to a Jan. 12 notice from the agency and Gov. Bill Walker. The notice specifies Masatoshi Nick Shiratori as director of the office. Aside from the notice, the decision has not been publicly announced. Grace Jang, a spokesperson for Walker, called use […]