The new Eagle River Town Center has broken ground and construction has begun.  The new town center will include a library, shops and city offices.

The Town Center has been designed to revitalize the area and bring city services to one location. The project is anticipated to bring new revitalized growth and economic strength to Eagle River.

The Eagle River Parks and Recreation service area contributed one million dollars to the project. Another million dollars for the project was granted by the Rasmuson Foundation. The State of Alaska 's legislature granted $1.9 million in funds. The citizens of Anchorage voted for a bond measure that will add another $500,000 in funds for the cost of the project. The total cost is expected to be $6.7 million at the time of completion.

The Eagle River Town Center will be a 43,000 square foot mall that will accommodate a police substation, emergency operations center, Eagle River Parks and Recreation, community meeting rooms and an expanded library. Other municipal services will also be housed there.

The Eagle River Town Center will also have a new 40,000 square foot health club. The building for the health club is currently owned by the Alaska Club, currently being renovated.

 The Eagle River Town Center has been a community priority for many years. The community has worked hard to make this dream a reality. The City of Anchorage and the residents of Eagle River are happy that dreams do come true.