ANCHORAGE, Alaska — When it opens in August, the UAA Health Sciences building will be one of the most modern, energy efficient structures on campus.
The university says the structure will be a major draw for students, but it’s already paying off.
For years it’s provided dozens of construction jobs, all paid for by state dollars.
“In recent years about 60-80% of our work has been State of Alaska capital projects, either through the Department of Transportation or the University of Alaska,” said C. John Eng, President of Cornerstone Construction, which is in charge of the Health Science Building construction.
By some estimates nearly a third of all construction spending in Alaska comes from Juneau in the form of the state capital budget.
“It's a very important part of the economy,” said John MacKinnon, Executive Director of the Associated General Contractors of Alaska. He said Alaska escaped a lot of the impacts of the nationwide recession because of a healthy capital budget.