The Fairbanks Daily News-Miner said officials were given permission last week by the UA Board of Regents to pursue a deal. The hangar is owned by Alaska Aerofuel and located west of the airport's main terminal. The borough has assessed the value of the hangar at about $578,000.
If UAF and Alaska Aerofuel can reach a purchase agreement for the unused hangar, the school would remodel the two-story, 100-by-100-foot building to house classes. The aviation program could potentially move into the hangar next summer.
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