U.S. flag

An official website of the United States government

Dot gov

Official websites use .gov
A .gov website belongs to an official government organization in the United States.

Https

Secure .gov websites use HTTPS
A lock () or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

ILGP Borrower Success Story: Alaska Park LLC

Alaska Park is the only valet airport parking facility in Alaska.
"One of the greatest highlights has been our loyal customers. They love our attention to detail when it comes to their vehicles."  -Alaska Park General Managager

Snapshot

2017 Loan GuaranteeBusiness: Alaska Park Valet ParkingLender: Northrim BankBorrowerTanadgusix Corp (TDX)Amount Financed: $11,000,000Location: Anchorage, AlaskaTribal Area: St. Paul Island

About

Alaska Park, the only airport valet parking facility in Alaska, is owned by Tanadgusix Corporation (TDX), an Alaska Native Village corporation from St. Paul Island, Alaska. TDX built the parking valet facility on land once occupied by a depot that had become a community eyesore. Since 2013 Alaska Park has been providing upgraded parking services, including 24-hour security, an app that can order and track shuttle pick-up at the terminal, a rewards program, and a warmed-up, snow-free vehicle upon returning from trips.

TDX overcame challenges with marketing and establishing a loyal customer base for the business, and worked with the Indian Loan Gurantee and Insurance Program (ILGP) in 2017 to refinance an initial construction loan. TDX continues to invest in Alaska Park and its employees and customers, which has resulted in strong growth in per-night visits, repeat customers, and revenue.    

“One of the greatest highlights has been our loyal customers. They love our attention to detail when it comes to their vehicles. Whether it’s cleaning cars off in the winter or offering car wash services in the summer, we always get enthusiastic responses from our customers,” says Andy Brinkman, general manager.

Was this page helpful?

This Page Was Not Helpful Because The Content:

indianaffairs.gov

An official website of the U.S. Department of the Interior

Looking for U.S. government information and services?
Visit USA.gov