State and local funds will be used to support a mixed-use development near the southern border of F.E. Warren AFB in southeast Wyoming designed to improve the quality of life for hundreds of personnel. Last month the State Loan and Investment Board approved $4.3 million in grants and loans to the city of Cheyenne to extend12,000 linear-feet of water main and 11,400 linear-feet of sewer main, and complete minor road improvements, reported the Wyoming Tribune Eagle.
Balfour Beatty will develop the residential portion of the project, which calls for building “attractive, affordable housing” for about 600 personnel who live across the Colorado border due to the lack of housing closer to F.E. Warren. The housing initially would be dedicated to service members but it could be opened to the general public if occupancy goals are not fulfilled, said Dale Steenbergen, president and CEO of the Greater Cheyenne Chamber of Commerce.
Coldwell Banker Real Estate will be responsible for the commercial portion of the project in conjunction with the city. The first two phases will require private investment estimated at $95.6 million, with plans for a third phase still under discussion. “This is a great opportunity for a public-private partnership,” said Cheyenne Mayor Marian Orr.
Wyoming Tribune Eagle photo by Jacob Byk