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Anchorage Settles Down

Posted by: Nate Berg

21 February 2008 - 7:00am

After years of boom-and-bust economic see-sawing, the city of Anchorage, Alaska, is showing signs of steady growth and economic stability.

"In a city where fashion has always played a distant second to staying warm, a cluster of boutiques in the budding 'SoNo' district, south of Nordstrom, does a brisk business in $50 lotions and $180 designer jeans — just one of many signs that this once unruly oil-boom town has been tamed."

"Strip malls replace strip clubs, big-box stores draw more customers than bars and residential neighborhoods have supplanted RV parks that once sprawled across the state's most populous city."

"The years of oil-fueled booms and busts have given way to two decades of steady growth, as Anchorage's economy has expanded to include burgeoning retail, health-care and tourist industries. Since the mid-1990s, its air-cargo hub has become one of the three largest in the world."

Full Story: Wildlife in growing Anchorage likely to sport designer coat
Source: The Seattle Times, February 18, 2008
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