In 1922, the railroad's Engine No. 1, the first steam locomotive in Fairbanks and the Yukon, was retired. Its restoration was begun in 1997 and completed in 2000. As of 2011 it is still being steamed up several times a year. A small museum for the engine was built in 2005 in Pioneer Park. On July 20, 2019, Engine #1 was a star attraction when it operated on its 120th birthday at a reenactment of the TVRR's Golden Spike ceremony.