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Big I owner seeks city tax waiver for remodeling

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Posted: Tuesday, March 26, 2013 11:56 pm | Updated: 11:57 pm, Tue Mar 26, 2013.

FAIRBANKS — Big I bar owner John Jackovich is requesting a temporary tax deferral to help him remodel the bar.

Jackovich, who has owned the bar for six years, told the Fairbanks City Council on Monday night that he’s hoping to put a new roof on the North Cushman Street bar so he can occupy the second and third floors of the building and host larger events. He asked for a temporary deferral of alcohol taxes while he’s paying for construction.  

Jackovich made the request during the citizen’s comments section of the meeting, and the city council is not yet considering any formal proposal.

Fairbanks city Mayor Jerry Clewoth said in the past the council has been reluctant to give tax breaks to specific property owners because it’s hard to choose which owners should receive the benefit.

Jackovich said he was inspired by the property tax deferral offered as an incentive for the owner of the Polaris Building to develop the vacant high rise at First Avenue and Lacey Street. That tax break has not been redeemed because the property has not been developed.

Contact reporter Sam Friedman at

459-7545.

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