Y -- Northwest PPV Results
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The Department of the Navy has selected American Eagle Communities, LLC to enter exclusive negotiations for a public-private venture aimed at providing affordable, quality housing for Navy and Marine Corps families in Washington. Authorized under the National Defense Authorization Act for Fiscal Year 1996, this long-term agreement empowers the private partner to design, finance, construct, own, operate, and manage the housing assets. The project involves the privatization of 3,098 existing units, including the demolition, replacement, and renovation of facilities at several locations, including Submarine Base Bangor, Naval Station Bremerton, and Naval Air Station Whidbey Island. Managed by the Naval Facilities Engineering Command Southwest Division in partnership with Commander Navy Region Northwest, the venture also includes the potential divestiture of non-viable properties in Olalla, Kingston, Bainbridge Island, and Fort Lawton to fund recapitalization efforts. Construction is anticipated to begin in late 2004 following Congressional notification and the final execution of partnership documents.
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