• 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

  • ‘That is not Alaska behavior’: Residents react to video of Anchorage Carrs shooting

    by Eric Ruble on Apr 29, 11:48

    New video from a KTVA viewer shows the moments before and during a shooting at an Anchorage Carrs grocery store Saturday morning. At least two people were injured:  one Carrs employee was shot twice in the leg and another person who suffered a broken orbital socket after being punched in the face, according to court […]

  • News

    Experts: Long road ahead for Trump offshore drilling order

    by Associated Press on Apr 29, 11:40

    President Donald Trump’s executive order seeking to find new ocean expanses in the Atlantic and the Arctic for offshore drilling isn’t likely to reach its goals anytime soon, but instead will kick off a yearlong review and legal battle. Trump signed the order Friday aimed at dismantling a component of former President Barack Obama’s environmental […]

  • News

    First kelp harvest made from Ketchikan area site

    by Associated Press on Apr 29, 11:37

    KETCHIKAN, Alaska (AP) – Mariculture crews landed a disappointing first haul of planted seaweed recently near Ketchikan as part of an experiment on commercial kelp farming in the state. The University of Alaska Southeast, a seaweed product specialist known as Blue Evolution and a handful of commercial kelp growers are collaborating on the effort, with […]

  • News

    Record-breaking summer cruise passengers coming to Juneau

    by Associated Press on Apr 29, 11:32

    JUNEAU, Alaska (AP) – A record-breaking amount of cruise passengers are expected to land in Juneau this summer. The Juneau Empire reports Cruise Lines International Association Alaska President John Binkley announced Thursday that over 1 million summer cruise passengers are traveling to Juneau. The association predicts the travelers in the city from May 1 to […]

  • Officials plan highway improvements for safety, fish passage

    by Associated Press on Apr 29, 11:29

    KASILOF, Alaska (AP) – Alaska officials say highway improvement plans will result in better fish passage and overall safety. The Peninsula Clarion reports the Alaska Department of Transportation and Public Facilities showed the latest draft of their plans for Sterling Highway on Wednesday. DOT plans to widen the existing shoulders from 4 feet wide to […]

  • Lifestyle

    Hacker releases stolen copies of Netflix series

    by Associated Press on Apr 29, 10:52

    SAN FRANCISCO (AP) – The Latest on a hacker releasing stolen copies of a Netflix series(all times local): 11:35 a.m. A hacker claims to have followed through on a threat to release several episodes from the upcoming season of Netflix’s hit series “Orange Is The New Black.” The hacker, which goes by the name The […]

  • Lifestyle

    Deaths from opioid epidemic may be underestimated

    by CBS News on Apr 29, 10:21

    America’s prescription drug abuse epidemic may be even more deadly than expected, a new report from the U.S. Centers for Disease Control and Prevention suggests. Some opioid-related deaths may be missed when people die from pneumonia and other infectious diseases spurred on by drug abuse. Their death certificates may only list the infection as the […]

  • Sports

    Morgan Hooe honored with Bill MacKay Athlete of the Year award

    by Dave Goldman on Apr 28, 22:34

      In another year of standout candidates, Morgan Hooe stood the tallest. The former South High School star parlayed a brilliant season at the University of Alaska Anchorage into the athletic department’s highest honor for former student-athletes while adding a local flair as she took home the Bill MacKay Athlete of the Year award. Her […]