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Posts Tagged ‘enhanced use leasing’

VA Uses EUL to Build Supportive Housing for Veterans at New York Medical Center

  • August 7, 2013
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The Department of Veterans Affairs is using an enhanced use lease to create housing for at-risk veterans and their families at the Canandaigua VA Medical Center in New York’s Finger Lakes region. Partnering with the VA on the $11.4 million project are the Finger Lakes Addiction Counseling and Referral Agency and Cazenovia Recovery Systems. Ohio-based KeyBank provided $5 million in Low Income Housing Tax Credit (LIHTC) equity to finance the project located on Cadence Square …

County Seeks Master Developer for EUL at Grand Forks AFB

  • July 23, 2013
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Grand Forks County, N.D., has issued a request for qualifications for a master developer and sublessee to design, build, operate, maintain and finance the development of about 217 acres at Grand Forks Air Force Base. The county currently is negotiating an enhanced use lease with the Air Force to develop an aviation business and technology park consisting of three primary property types — mixed-use aviation, mixed-use office and technology/data center facilities …

Air Force to Consider Offshore Drilling at Vandenberg

  • July 21, 2013
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The Air Force plans to study the feasibility of extracting oil and gas off the coast of Vandenberg Air Force Base in central California. If officials determine that extended reach drilling is feasible and is compatible with the base’s mission, the Air Force would enter into an enhanced use lease with a company interested in pursuing the production rights. The study, expected to take two to three months to complete, would assess the viability of using “slant drilling” to reach offshore oil deposits …

Resort Takes Shape on Florida Panhandle under EUL Program

  • July 18, 2013
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Construction crews are less than a year away from completing a resort on the Florida Panhandle being developed under an enhanced use lease (EUL) with the Air Force. The Holiday Inn Resort, which is scheduled to open in time for the spring 2014 vacation season, is being built on 17 acres of land on Santa Rosa Island owned by Eglin Air Force Base …

Policy Bill Language Could Boost Use of EULs

  • July 8, 2013
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Installation officials no longer would need to commit base support funding for administrative expenses associated with assessing potential enhanced use leasing (EUL) projects and managing the acquisition process to select a developer, under language included in the Senate version of the fiscal 2014 defense authorization bill. The provision, section 2811 of S. 1197, would allow installation officials to use the proceeds from EUL projects — as well as easements — to cover the administrative costs of launching and managing new projects, a change that could make it easier for officials to consider new EUL projects …

GSA Seeks Offers to Restore Moffett Field Hangar

  • May 21, 2013
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The General Services Administration is expected to seek proposals shortly to restore and lease historic Hangar One at Moffett Field in northern California. GSA will rely on section 111 of the National Historic Preservation Act to free the winning developer from using the hangar for activities related to the mission of the NASA Ames Research Center, reported the Mountain View Voice. “Section 111 gives us unique authority,” said David Haase, branch chief of the GSA. “Unlike enhanced use leasing authority NASA has used in the past, this will allow tenants to use the property for any use [they] would want to see within [section 111]. Before partners would need to have some direct connection to NASA,” he said. GSA will also offer companies the option of operating the airfield.

Energy, Utility Projects Create Potential Liability following BRAC, GAO Finds

  • April 21, 2013
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DOD expects to incur more than $24 million in costs at two installations shuttered during the 2005 round of base closures to unwind renewable energy and privatized utility projects affected by the closures, according to a new Government Accountability Office study. At Fort Monmouth, N.J., the Army paid about $24.3 million to terminate a renewable energy contract involving ground source heat pumps and to install several boilers to replace the heat pumps. The Army also terminated a privatized electrical utility contract at Fort Monroe, Va., but has not yet reached a settlement with the utility over the termination …

Public-Private Projects Should Be Accounted for in BRAC Analysis, GAO Recommends

  • April 18, 2013
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In a review of the impact of the growing number of privatization projects on military installations, the Government Accountability Office concluded that future base closure rounds would benefit from the Defense Department providing more comprehensive information about the potential costs created when DOD terminates project agreements with the private sector. The congressional watchdog agency found that the department likely would incur liabilities following a BRAC round for renewable energy and privatized utility projects on affected installations …

Economic Development Goals for Grand Forks AFB Won’t Miss a Beat, Leaders Say

  • April 5, 2013
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Economic development officials in Grand Forks, N.D., say their goals revolving around Grand Forks Air Force Base shouldn’t be hindered by the unexpected departure last month of the wing commander. “As a community, we’re used to these transitions,” said Chamber of Commerce President Barry Wilfahrt. “We already anticipated working with a new commander in May or June anyway …

Air Force Looks to Grow EUL Program

  • March 31, 2013
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Air Force officials have set a goal of realizing $5 billion in net present value through the service’s enhanced use leasing program by 2020. The net present value of existing EULs is an estimated $249.2 million, reports the Air Force Civil Engineer Center. The center also has 25 projects in different EUL development phases worth an estimated $696 million in net present value …

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