Private Development of the Navy Broadway Complex, San Diego, California

The Navy plans to lease 13.5 acres of downtown San Diego, California, waterfront property, valued at $50 million, to a private developer for 65 years in exchange for a minimum of 450,000 square feet of office space on the same property. The lessee will develop the property with hotel, retail, and of...

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Bibliographic Details
Main Authors: Steensma, David K, Brannin, Patricia A, Rubin, Macie J, Hoffman, Henry P, Griffin, David H
Format: Report
Language:English
Subjects:
Administration and Management
AQ I00-07-1783
AUDITING
CALIFORNIA
COMMERCE
ECONOMIC DEVELOPMENT
NAVAL PLANNING
NAVAL SHORE FACILITIES
Online Access:Request full text
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Summary:The Navy plans to lease 13.5 acres of downtown San Diego, California, waterfront property, valued at $50 million, to a private developer for 65 years in exchange for a minimum of 450,000 square feet of office space on the same property. The lessee will develop the property with hotel, retail, and office space. The audit was the result of information filed with the DoD Hotline concerning the Navy plan.