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Posts Tagged ‘enhanced use leasing’

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 …

Partners Work toward UAS Park at Grand Forks AFB

  • March 14, 2013
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Northrop Grumman has committed to be an anchor tenant at an enhanced use leasing project focused on unmanned aerial systems technology and training at Grand Forks Air Force Base that a partnership composed of multiple groups is working toward. The company would join the Grand Forks Base Realignment Impact Committee, University of North Dakota, UND Aerospace Foundation and Northland Aerospace Foundation to lease space at the installation in northeastern North Dakota from the Air Force …

Redstone Gateway Office Park Rises at Arsenal

  • March 12, 2013
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Two years after breaking ground on Redstone Gateway, the enhanced use leasing project at Redstone Arsenal in Huntsville, Ala., is starting to take shape — the office park’s first building is complete and two more are under construction. The development team — Corporate Office Properties Trust and Jim Wilson and Associates — now is moving toward a lease agreement with the project’s first major tenant, Boeing, which will occupy 363,000 square feet in a three-building office complex …

Air Force Highlights Installation Energy Milestones of 2012

  • February 5, 2013
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The Air Force recorded numerous milestones last year on the way to reaching its goals for conserving energy, increasing its reliance on renewable sources and building sustainable facilities, according to highlights of DOD’s 2012 Annual Energy Management Report. One of the Air Force’s major accomplishments last year was developing a new acquisition process for renewable energy after it formed the Air Force Civil Engineer Center by merging the Air Force Real Property Agency, the Air Force Civil Engineer Support Agency and the Air Force Center for Engineering and the Environment …

Costs, Benefits of Federal EUL Programs Unclear, GAO Finds

  • January 22, 2013
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While federal agencies report a variety of benefits from their enhanced use leasing programs — more efficient use of underutilized property, a new stream of revenue and enhanced mission activities — the net benefits are not clear since some agencies do not report all costs associated with their EUL programs, according to a new report from the Government Accountability Office. For example, the Department of Veterans Affairs and the State Department do not consistently attribute the costs of consultant staff who administer the leases, and VA does not attribute various administrative costs that offset EUL benefits …

Air Force, Industry Talks Help Refine EUL, PPA Programs

  • January 21, 2013
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“Early communication” between the Air Force and prospective developers about upcoming projects that rely on either enhanced use leasing (EUL) or power purchase agreements (PPAs) is key to ensuring the success of those ventures by reducing the chances that unexpected hurdles will slow their progress. That observation was one of many that resulted from a partnership discussion among Air Force officials, developers and community leaders held last week during ADC’s Installation Innovation Forum in San Antonio …

Air Force Outlines New Acquisition Process for Renewable Energy Projects

  • December 4, 2012
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Air Force officials are creating a single process for acquiring renewable energy at the service’s installations that will be used for enhanced use leasing projects as well as those that rely on power purchase agreements. The streamlining effort came out of a recent event which brought together representatives from major commands, the service’s installations and energy office, and the newly formed Air Force Civil Engineer Center in San Antonio. “EULs and PPAs previously had separate, complex processes for execution and sometimes the lines were blurred between the two …

Development Team Closes on $25M Resort for EUL on Okaloosa Island

  • November 15, 2012
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The Emerald Breeze Resort Group acquired financing this week to construct a $25 million, 152-room Holiday Inn resort hotel in Fort Walton Beach on the Florida Panhandle. The Okaloosa Island project lies on Eglin Air Force Base property and is being developed under an enhanced use lease (EUL). Emerald Breeze Resort Group is a partnership between Gulf Coast-based Innisfree Hotels and the Poarch Band of Creek Indians. The general contractor and co-developer on the project is dck North America …

Air Force Issues RFQ for Developers to Lease Alaska Coal Plant

  • October 17, 2012
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The Air Force is requesting qualifications from companies interested in leasing a combined heat and power plant at Clear Air Force Station, Alaska. The 22.5-megawatt coal power plant at the central Alaska facility is running below capacity and has the potential to generate more power than is needed for the installation, according to the Air Force Civil Engineer Center. If the plant was operated under an enhanced use lease, the excess power could be sold to the Alaska power grid, improving energy security for the area …

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