In Exchange for Prime Real Estate, Port District to Build New Navy HQ
Wednesday, May 14, 2008
The Navy has handed over more than three acres of prime, bayfront property to the San Diego Port District. In exchange, the Port District will build a new headquarters for Navy engineers. KPBS reporter Alison St John has more.
The Navy is opting to give back land on San Diego Bay that was leased to the Navy after World War Two.
Navy Southwest Region spokesman Captain Matt Brown says this is to make way for the Port District’s major hotel/retail development south of the County Administration Building .
Brown : The land here along the Embarcadero is very valuable land, and so allows us to move out of very old headquarters for the engineering command into a new state of the art building that we would not otherwise have the funds to build.
Brown would not say how much the land is worth, but the Navy had more than 40 years left on its 100 year lease.
Brown says the Navy is considering sites for the new building on base. However the main Navy Region Southwest Headquarters is still planned for the bayfront Navy Broadway site downtown.
Alison St John, KPBS News.
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