• Innovative Leasing Project Would Improve Security, Save Money for Letterkenny

    Innovative Leasing Project Would Improve Security, Save Money for Letterkenny0

    Economic development officials in south central Pennsylvania are working with the Army to build a 700,000-square-foot warehouse on land immediately adjacent to Letterkenny Army Depot. The project would allow the depot to consolidate space it leases in a series of 90,000-square-foot, World War II-era warehouses on former Army property while greatly enhancing security. The outdated

  • Bipartisan Legislation Would Allow Arsenals to Lease Excess Space

    Bipartisan Legislation Would Allow Arsenals to Lease Excess Space0

    The Defense Department’s three manufacturing arsenals would regain the authority to offer long-term leases for excess space to the private sector, under bipartisan legislation introduced last week in the Senate. The Arsenal Installation Reutilization Authority would allow the arsenals — Rock Island Arsenal, Ill.; Pine Bluff Arsenal, Ark.; and Watervliet Arsenal, N.Y. — to approve 25-year leases until September 2019, generating jobs and income until 2044, according to a news release issued by the office of Sen. Joni Ernst (R-Iowa). Ernst introduced the legislation along with Sens. Chuck Grassley (R-Iowa), Dick Durbin (D-Ill.), Mark Kirk (R-Ill.) and Kirsten Gillibrand (D-N.Y.). The arsenals’ long-term leasing authority expired in 2012 …

  • NASA, Google Reach Deal to Restore Hangars at Moffett Field0

    The federal government on Monday struck an agreement with a Google subsidiary to restore historic Hangar One at Moffett Field in northern California as well as operate the airfield’s two runways. Hangar One has been stripped down to its skeletal framework after its skin was found to be leaching toxic chemicals. Under this week’s deal, Planetary Ventures will spend more than $200 million to refurbish and protect Hangar One — which was built after World War I to house Navy dirigibles — as well as rehabilitate Hangars Two and Three. The agreement calls for Planetary Ventures to pay NASA $1.6 billion to rent about 1,000 acres at the airfield located on South San Francisco Bay over the next 60 years …