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Prices for land ranged from $5 per acre, for uncleared land, to an undetermined amount in some areas where it had been enhanced. Settlers agreed to a 30-year payment schedule with an annual interest rate of 3%. The federal government built houses and barns and paid for the transportation of the families and some of their goods to Alaska.
The front (top, facing southerly) and back (above, facing northerly) sides of Doyon's headquarters building in downtown Fairbanks. Doyon, Limited is one of thirteen Alaska Native Regional Corporations created under the Alaska Native Claims Settlement Act of 1971 (ANCSA) in settlement of aboriginal land claims.
The underground Pogo gold mine is owned and operated by Northern Star Resources, on State of Alaska-owned land 38 mi (61 km) northeast of Delta Junction in the Goodpaster district. In 2019 it produced 154,589 troy ounces (4,808.3 kg) of gold from stacked, shallow-dipping quartz veins up to 65 ft thick (20 m).
Fairbanks, Alaska. August 2024 home value: $302,165. 3-month home value forecasted change: -1.40%. 1-year home value forecasted change: -4.30%. August 2025 forecasted home value: $289,172.
Fairbanks is home to the University of Alaska Fairbanks, the founding campus of the University of Alaska system, established in 1917. Fairbanks International Airport is located three miles (4.8 km) southwest of the central business district of the city; Fairbanks is the smallest city in the United States with regularly scheduled non-stop ...
Prudhoe Bay Oil Field is a large oil field on Alaska's North Slope.It is the largest oil field in North America, covering 213,543 acres (86,418 ha) and originally contained approximately 25 billion barrels (4.0 × 10 9 m 3) of oil. [1]
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