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Posts Tagged ‘defense real estate’

Balfour Beatty Closes on Housing Privatization Deal at Two Air Force Bases

  • June 19, 2014
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Balfour Beatty Communities closed on a deal to develop and manage family housing at Dyess Air Force Base, Texas, and Moody AFB, Ga., the Newton Square, Pa.-based developer announced Thursday. Initial development period costs for the project will reach an estimated $60 million. Over the project term, Balfour will finance, renovate and manage the 674 existing homes at Dyess and during the four-year initial development period it will finance, design and construct about 101 new homes at Moody AFB, as well as two community centers and other amenities across both bases …

Ft. Meade Celebrates Opening of Army’s First Unaccompanied Housing Project

  • June 18, 2014
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Officials from Fort Meade, Md., and Corvias Military Living held a ribbon-cutting Wednesday for the Army’s first privately-developed, on-post apartment community for unaccompanied junior service members. Reece Crossings consists of 432 apartments and will improve the quality-of-life for more than 1,000 service members by providing them the opportunity to live at Fort Meade close to community, work and training resources …

Phase Two of Kitsap Housing PPV to Redevelop 600 Homes for Sailors

  • June 17, 2014
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The Navy and Forest City, its partner for privatized family housing at Naval Base Kitsap, Bremerton, Wash., have signed an agreement for the $60 million, second phase of redevelopment at the installation. The agreement calls for the public-private venture (PPV), Northwest Military Communities LLC, to “revitalize outdated and underutilized units and right-size the overall housing inventory and bedroom mix,” according to a press release. The project, slated to take four years, will result in 624 privatized homes for enlisted active-duty service members at ranks E1-E7. Upon completion of this phase, there will be a total of about 3,370 homes privatized in Navy Region Northwest with Northwest Military Communities, which also includes Naval Station Everett and Naval Air Station Whidbey Island.

Is Army Lodging Program Increasing Its Vulnerability to Security Threats, Committee Asks

  • June 10, 2014
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The Senate Armed Services Committee directs DOD and the Army to review their policies regarding base access for persons using privatized lodging facilities to ensure that installations are not exposed to unnecessary security threats, according to the committee report accompanying the fiscal 2015 defense authorization bill passed last month. The committee said it supports the Privatization of Army Lodging (PAL) program but remains concerned that “some PAL hotels, in the interest of improving occupancy rates, may have provided lodging to persons who wouldn’t otherwise have access to the installation …

Committee Urges DOD to Consider Local Reuse Potential for Military Property

  • June 2, 2014
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Defense officials should consider the steps the department could take to assess the local redevelopment potential for military properties and facilities, according to the report of the Senate Appropriations Committee accompanying the fiscal 2015 military construction and veterans affairs spending bill. “Prior to approving new construction or upgrades, the department should consider local interest, property value and related cost savings that could result from the transfer and disposal of facilities or properties …

Eglin EUL Enhances Mission while Supporting Upgrades for Base Facilities

  • June 1, 2014
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Air Force officials had plenty of reasons to be happy during last month’s ribbon-cutting for a resort hotel at Fort Walton Beach built on property owned by Eglin AFB. The 152-room Holiday Inn Destin West Resort on the Florida Panhandle, developed by Emerald Breeze Resort Group through an enhanced use lease (EUL), will provide the installation with an added revenue stream to fund infrastructure upgrades and repairs. The EUL program has helped make up for a significant shortfall in Eglin’s budget for facility repairs and upgrades, providing almost $30 million through in-kind payments from existing projects …

Solar Project Coming to Luke AFB under EUL with Arizona Utility

  • May 23, 2014
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The Air Force and Arizona Public Service have completed negotiations over an enhanced use lease (EUL) project that will result in the development of a photovoltaic solar energy project on a 102-acre parcel at Luke Air Force Base, the Air Force Civil Engineer Center announced this week. The local utility will construct, operate and maintain the project at the installation located northwest of Phoenix. The power generated would be used to meet Luke’s renewable energy generation goals. To date, AFCEC has closed eight EUL projects with considerations worth more than $250 million.

Committee Asks whether DOD Is Using Property Efficiently

  • May 15, 2014
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Due to concern as to whether the Defense Department is managing its real estate holdings efficiently, the House Armed Services Committee asks the Air Force to provide a report on its need to retain a housing area formerly used by Keesler Air Force Base, Miss., according to report language accompanying the fiscal 2015 defense authorization bill. “In an era of declining resources, the committee is concerned by decisions made by the Department of Defense to retain underutilized real property …

Panel Interested in Feasibility of Privatized Housing Venture on Guam

  • May 13, 2014
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The House Armed Services’ Readiness Subcommittee is directing DOD to conduct a feasibility study for relying on a public-private venture to provide military housing on Guam following the arrival of about 4,000 Marines from Okinawa beginning in the mid-2020s, according to report language accompanying the panel’s portion of the fiscal 2015 defense authorization bill. The report should address any factors that could inhibit establishment of such a venture, and assess the current backlog and projected backlogs in family housing under the department’s five-year spending plan …

Federal Scoring Rules Need to Be Revisited, Robyn Says

  • May 8, 2014
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Dorothy Robyn, a former deputy undersecretary of defense for installations and environment, makes the case for reforming the way the federal government treats real estate leases and public-private ventures for budgetary purposes, in a commentary in the Washington Post. “The budgetary rules that govern investment in these assets are a blunt instrument that does serious collateral damage. Reforming these rules would allow the government to shrink its real estate footprint, modernize its legacy infrastructure for the 21st century and save billions of dollars …

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