Before the construction of the Alaska Highway, the establishment of military bases and Alaska joining the Union as the 49th state, Fairbanks was a bustling mining town in the middle of the largest territories in the United States. Felix Pedro, an Italian immigrant, is credited with the initial discovery of gold in 1902. As luck would have it, Captain E.T. Barnette's goal of building a trading post on the banks of the Chena River coincided with key gold strikes north of town. Subsequently, Fairbanks was incorporated by a 75% majority vote in 1903.
One hundred years later, the small boomtown has a diversified economy, with oil, gas, gold and coal mining, military, tourism and the University of Alaska as key components. Fairbanks continues in its role as the services hub and gateway to Alaska's Interior and Arctic. With a population of close to 32,000, Fairbanks' citizenry swells to 82,000 when including the surrounding Fairbanks North Star Borough.
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By 1905, Fairbanks had a power plant, electricity and sewer service, a school, police, and fire protection, a hospital and a three-story skyscraper.
1969 marked the oil lease sale, adding $900 million to the state's coffers, and the construction of the trans-Alaska oil pipeline became a reality.
Mary Pedro, wife of Felix Pedro, the Italian immigrant who first discovered gold in the area, is buried in the Clay Street Cemetery. This along with other historic sites is featured in the Fairbanks Self-Guided Downtown Walking Tour.
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