SolarCity and U.S. Bancorp are creating a renewable energy tax equity fund to help launch the first phase of project SolarStrong, SolarCity’s five-year, $1 billion initiative to install solar systems on up to 120,000 units of privatized military housing, the companies announced Tuesday. The initiative is slated to create up to 300 megawatts of solar generation capacity …
State and local officials held a ribbon-cutting ceremony Monday for the first commercial building to open at Falcon Hill National Aerospace Research Park on Hill AFB in northern Utah, the Air Force’s largest enhanced use leasing project. The project includes 8 million square feet of office space and supporting restaurants and hotels on 550 acres on Hill’s west side …
Balfour Beatty Communities LLC finalized agreements with the Air Force to be the developer of privatized family housing at four bases — Beale, Calif.; F.E. Warren, Wyo.; Malmstrom, Mont.; and Whiteman, Mo. — the company announced Thursday. The project, valued at $362 million, will begin with a five-year initial development period, which includes the design and construction or renovation of 3,268 housing units …
The Navy this week selected Hines Interests L.P. to develop office space at Naval Air Station Patuxent River in southern Maryland through the enhanced use leasing program. The two parties now will try to reach agreement on a business and leasing plan for the project, which covers multiple sites on the installation …
Delaware Sen. Tom Carper said he plans to offer a different solution to expedite the disposal of thousands of unneeded federal properties than the approach approved by the House Tuesday that calls for creating a civilian BRAC commission to review federal properties and make recommendations for consolidations, co-locations, redevelopment or sale. “We share the same goal of better utilizing scarce taxpayer dollars, though I prefer an approach that differs in some respects …
A House subcommittee will hold a field hearing Thursday to examine ways to improve management of federally owned assets and property. The hearing by the Subcommittee on Economic Development, Public Buildings and Emergency Management will focus on the costs of underperforming or vacant assets, models for their redevelopment or reuse, and how spending can be reduced through their redevelopment …
The House approved a measure Tuesday that would create a civilian BRAC commission to expedite the disposal of thousands of unneeded federal properties, helping the government save money by selling or redeveloping high value properties and avoiding the cost of maintaining ones it no longer uses …
The federal government’s hopes to realize up to $15 billion by unloading thousands of excess properties is likely to fall short of expectations, as a majority of its inventory has little commercial value, reports Federal Times. There is only limited demand for the older, empty buildings the government intends to sell …
A measure that would jump start a process to unload excess federal properties could receive a vote on the House floor as early as this week. After making a quick stop in the House Rules Committee Friday, the Civilian BRAC bill is expected to gain passage in the chamber …
Legislation approved in committee last year to create a civilian BRAC commission could receive a vote on the House floor after a controversial provision requiring the federal government to sell or swap a number of properties in Washington, D.C., and elsewhere was removed from the measure …