Anchorage, Alaska, October 21, 2018 – The year is 2029, and as the sun sets, many people will still be paying for their cars with the hope of renting them out for the winter.
But many will have to wait.
For that, Anchorage is offering car rental fairgrounds.
The Fairbanks City Council on Wednesday voted unanimously to set aside $150,000 to establish the Fairbanks Car Rental Fairgrounds in Fairbanks, a town of roughly 13,000.
The Fairbanks Community Development Corporation will oversee the $500,000 project.
“We’ve got some great options for car rentals, but it’s a tough one,” Fairbanks Mayor Jeff Wirth said.
“This is a community-wide initiative.
It’s going to be really beneficial to Fairbanks.”
Fairbanks has more than 20 car rental companies operating in the Anchorage area.
They are: Avis, BMW, Continental, Hertz, Hertzman, Hertlin, Kia, Mercedes-Benz, Mercedes Benz Canada, Mitsubishi, Nissan, Porsche, RentalCarDirect, Ryder Cars, Ritz-Carlton, Stuttgart, Starwood and Volkswagen.
For car rental sites to get state tax credits and to qualify for tax breaks, they must have at least 30% occupancy in the area.
The Anchorage Fairbanks Parking Authority will offer a $10 discount to car rental services, which is limited to sites with at least 15% occupancy.
The discount is only valid for the first month the property is used, after which time the tax credit expires.
The fee is $25.
For more than two decades, the city has helped the companies set up their cars.
Fairbanks was one of the first cities to adopt a car rental tax credit program in 1994.
In 2016, the Fairfield Community Development Corp. also offered the credit to car rentals.