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Article: Gold and government: Fairbanks comes full circle. (includes related article)
- Article from:
- Alaska Business Monthly
- Article date:
- June 1, 1994
- Author:
CopyrightCOPYRIGHT 1994 Alaska Business Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A search for economic survival takes this Interior town back to its roots.
Fairbanks is a town that was born of expediency, nurtured on gold, raised on government and matured on oil revenues. Now that the oil boom is over, Fairbanks is returning to its roots: gold and government.
The city of Fairbanks was born 93 years ago when a riverboat captain, unable to travel any farther upstream on the Tanana River, dumped E.T. Barnette and his load of supplies at the mouth of the Chena River. Barnette had originally been bound for Tanacross, the halfway point on the Valdez to Eagle trail, to set up a trading post.
Legend has it that, stuck in the middle of ...