|From:||Lenny Siegel <firstname.lastname@example.org>|
|Date:||2 Dec 2006 21:31:28 -0000|
|Subject:||[CPEO-IRF] Broadway Naval Complex agreement (San Diego, CA)|
Developer, Navy sign lease on complex Roadblocks remain before work can start
By Mike Freeman SAN DIEGO UNION-TRIBUNE (CA) December 1, 2006
SAN DIEGO – The Navy and hotel magnate Douglas Manchester reached a milestone Friday in developing the controversial Navy Broadway Complex downtown by signing a 99-year ground lease.
The lease obligates Manchester to build a $160 million office building for the Navy's Southwest Regional Command on the city's waterfront – considered one of the top redevelopment sites on the West Coast.
In exchange, Manchester gets the rights to construct offices, condo hotels and retail stores on the remainder of the nearly 15-acre, Navy-owned parcel, called Manchester Pacific Gateway.
For the entire article, see http://www.signonsandiego.com/news/metro/20061201-2106-bn01navy.html
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