[CPEO-MEF] REUSE: Guam Naval ship repair facility

[Lenny Siegel <lsiegel@cpeo.org>]

NAVFAC Seeks "Fair Market Value" Lease for Shipyard Facility; The 
Property Won't Go Back to GovGuam


by Kevin Kerrigan
Guam News
November 19, 2010


Guam - The "no-fee" lease between the Guam Economic Development 
Authority [GEDA] and the Navy for about 45 acres of land down on Naval 
Station has expired. The Navy now has to negotiate a new lease for the 
land,  but it will be under different terms. This time, a lease fee for 
occupying the land will be charged.

15 years ago following a recommendation by the Base Closure and 
Re-Alignment Commission [BRAC] the Navy entered into an agreement with 
the Guam Economic Development Authority to lease the Navy's ship repair 
facility to GEDA.

The facility sits on about 45 acres of land. And the deal the Navy 
offered was a no-fee lease "in lieu of conveyance" because the intent, 
at the time, was to eventually turn the property back over to GovGuam. 
As a result GEDA has not been paying any fee to the Navy for using the 
property.

...

For the entire article, see
http://www.pacificnewscenter.com/index.php?option=com_content&view=article&id=9461:20101119kkguam-shipyard&catid=45:guam-news&Itemid=156

--


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org



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