Fairbanks Cultural Center Debt-Free

The Morris Thompson Cultural and Visitors Center in Fairbanks is debt-free less than five years after opening its doors

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by Associated Press

FAIRBANKS - The Morris Thompson Cultural and Visitors Center in Fairbanks is debt-free less than five years after opening its doors.
   
A team of volunteers helped wrap up $29.3 million fundraising effort in April. That's when a pledge-matching campaign by Pogo and Fort Knox mines was the final piece of the decade-long effort.
   
The center's executive director, Cindy Schumaker, says now the building is completely paid for.
   
The money raised to complete the building included a combination of funding sources that included federal and state money. She says the center also borrowed $1.3 million during construction, but now has paid that money off.

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