Welcome to Flyer Talk.

That is a great time to visit Alaska. Lots to do/see at that time. What is your budget for lodging? I have stayed in hotels via Hotwire (under $50/night for the Extended Stay Midtown), in hostels and for next Feb/March I am renting a one-bedroom apartment for something like $75/night.

If you are mainly going for the Northern Lights, technically you will have a better chance to see them from further north - Denali/Fairbanks/etc. But having said that, if the forecast is high you can definitely see them from Anchorage and vicinity. Last March I was in Anchorage for the Iditarod and saw an incredible Northern Lights display one night from Eagle River (just north of Anchorage).

During your timeframe you can also take in some of the Fur Rondy activities, drive along Turnagain Arm (beautiful drive) and maybe stop at the Wildlife Conservation Center.

If you arrived for the last weekend in February you might consider the Denali Winter Carnival taking place in Denali and Healy. Also, the Ice Art Championships is taking place in Fairbanks in late February/early March. Tough to do/see all that is offered that time of year.

If you are interested, the Musher's Banquet takes place in downtown Anchorage the Thursday evening before the Iditarod.