San Diego's Fox5 has provided the rest of us with an update of the Navy's ambitious effort to revitalize the 70.3-acre Old Town campus with the redevelopment of the NAVWAR facilities.
Why, it was just Monday, July 29, that Navy officials reported the environmental review process was proceeding alongside the exclusive negotiation period for a long-term lease with the potential master development group military officials selected to lead the renovation, Manchester/Edgemoor.
Manchester / Edgemoor consists of two firms -- Manchester Financial, a hotel and commercial development firm, and Edgemoor Infrastructure & Real Estate, an affiliate of Clark Construction that specializes in public-private partnerships. Fox5 says "both will evenly split the ownership stake."
This deal is the largest leasing initiative in the US Navy's history and the 2 firms would receive the land in exchange for new, state-of-the-art NAVWAR facilities.
San Diego's Fox5 has provided the rest of us with an update of the Navy's ambitious effort to revitalize the 70.3-acre Old Town campus with the redevelopment of the NAVWAR facilities.
Why, it was just Monday, July 29, that Navy officials reported the environmental review process was proceeding alongside the exclusive negotiation period for a long-term lease with the potential master development group military officials selected to lead the renovation, Manchester/Edgemoor.
Manchester / Edgemoor consists of two firms -- Manchester Financial, a hotel and commercial development firm, and Edgemoor Infrastructure & Real Estate, an affiliate of Clark Construction that specializes in public-private partnerships. Fox5 says "both will evenly split the ownership stake."
This deal is the largest leasing initiative in the US Navy's history and the 2 firms would receive the land in exchange for new, state-of-the-art NAVWAR facilities.