The Alaska State Capitol was originally the Federal and Territorial Building, but under provisions of the Alaska Statehood Act (approved July 7, 1958), became the property of the State of Alaska.
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The site and completed building represented an investment of approximately $1 million. Construction is of brick-faced reinforced concrete. The lower façade is faced with Indiana limestone. The four columns of the portico and the interior trim are of light and dark Tokeen marble from quarries at Tokeen, Prince of Wales Island, in Southeast Alaska. Alaska has one of the few capitol buildings that lacks a dome.