Polaris building in downtown Fairbanks scheduled for demolition in 2021

Published: Oct. 3, 2020 at 6:24 PM AKDT
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FAIRBANKS, Alaska (KTVF) -The City of Fairbanks put out a public notice on their plans to demolish the downtown Polaris Building in 2021.

The old hotel, located at 427 1st avenue, has been an eye sore the last 18 years it has been vacated. The structure is determined to have asbestos, mold and floors covered in green fungus.

In a Facebook post the city said they intend to solicit assistance from the Department of Defense’s Innovative Readiness Training Program. The proposed assistance will be for the demolition of the building between 2021 and 2022.

Fairbanks Mayor, Jim Matherly said he is happy this is being done and thinks the city needs positive vibes from its residents now more than ever.

“This has been a huge undertaking and I’m aware it’s been dragging on,” Matherly commented. “But also please know that work has never stopped happening.”

Construction contractors, labor unions, or private individuals who have questions or who wish to voice opinions on the military assistance for this projects may contact Carrie Peterson from the City of Fairbanks at 459-6707 or send an email to

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