FAIRBANKS, Alaska (AP) — Ice Alaska has closed a deal for a new location in Fairbanks to hold its annual premier ice sculpting event.

The transaction positions Ice Alaska — host of the BP World Ice Art Championships — for a long-term development project on prime riverfront property.

The nonprofit organization faces a July deadline to leave its current home on Alaska Railroad land.

Dick Brickley, Ice Alaska’s chairman, says the organization signed a deal Monday for its new home one mile west of railroad property.

The Fairbanks Daily News-Miner says the new property is about 25 acres. But real estate agent Hank Bartos says Ice Alaska also is looking at buying twice that much land immediately to the south.

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Information from: Fairbanks Daily News-Miner, http://www.newsminer.com