- Associated Press - Saturday, August 16, 2014

FAIRBANKS, Alaska (AP) - A private company that recently took over management of housing on Eielson Air Force Base has rejected a deal that would have reduced its property tax bill.

The Fairbanks North Star Borough had offered a substantial discount off the $1.8 million property tax bill. But Corvias Military Living says the proposed $580,000 payment in lieu of taxes would negatively affect service members and their families.

Borough Mayor Luke Hopkins tells the Daily News-Miner (http://bit.ly/XqBFa3) that he believes the deal is fair. The borough has had a similar deal with privatized housing on Fort Wainwright since 2009.

Corvias spokesman Mark Nettles says the company is looking for a solution with the Air Force and others.

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Information from: Fairbanks (Alaska) Daily News-Miner, http://www.newsminer.com