Fairbanks, AK - A long ailing downtown Fairbanks high rise has suffered another insult. A large banner hung from the upper reaches of the eleven-story Polaris Building was torn down by vandals over the weekend.
The 40 by 80 foot “Looking for Love Again” banner was installed in 2011 as part of an Alaska Design Forum sponsored art project. Local board member David Hayden says it helped generate conversation about the vacant former hotel.
Hayden says he was surprised that anybody took the effort to tear down the banner.
"I didn't know somebody would hate it so much that they would break into the building, go up there and spend hours cutting all the ropes down and cutting the top down and then just leaving it," he said.
Hayden says he’s not sure what will happen to the banner, which was recovered by Festival Fairbanks from the street Sunday morning.
The Polaris building is owned by Anchorage developer Marc Marlow, who continues to pursue federal financing and tax credits to leverage renovation of the Polaris into apartments: a project estimated to cost more than the building will be worth.