The Air Force estimates it could save $227 million by moving a squadron of F-16 fighters from Fairbanks to Anchorage.
The report says the military could save the money over five years, mainly by eliminating redundant positions at the two bases.
It also estimates the cost to move 542 positions from Eielson Air Force Base to Joint Base Elmendorf-Richardson at nearly $15 million and details the proposed demolition of housing structures for the jets at Eielson.
KTUU reports the estimate was made public Thursday in the Site Activation Task Force report.
The members of Alaska's congressional delegation oppose the move and have sought more information from the Air Force.