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FAIRBANKS - The Tanana Valley State Fair appears to have earned a small profit for the first time in five years, easing fears for the future of the event.
General Manager Randi Carnahan says the August event, a tradition in Fairbanks since 1924, drew roughly $1.3 million in revenue and cleared about $60,000 after expenses.
Carnahan says that should be enough to pay for fuel, insurance, payroll and other expenses through March, when vendor deposits for the next fair begin arriving.
It's the first time in five years the Tenana Valley State Fair has finished in the black. Carnahan says the modest turnaround is largely the result of eliminating big-name musical acts and visiting entertainment in favor of more emphasis on rides, food and local performers. Those changes cut $180,000 in costs.