images/index1x1.jpg images/index1x2.jpg
images/index2x1.jpg
images/index3x1.jpgimages/index4x1.jpgimages/index5x1.jpgimages/index6x1.jpgimages/index7x1.jpgimages/index8x1.jpgimages/index9x1.jpgimages/index10x1.jpg

Leasing

 

In an effort to enhance the operational efficiency and effectiveness of our facilities, the Department of Defense would like to make unused and underused non-excess property available to the private sector.

D-o-D has executed a modest number of out-leases that generate an annual income of $25 million.

This includes $15 million in cash and $10 million in in-kind services, such as;

Improvement, maintenance, repair, protection, and environmental restoration.

The Department believes that more out-leasing can substantially improve our property management. Furthermore, the income we generate - combined with the savings from base realignment and closure - can be reallocated for more critical uses.

This past year, D-o-D was successful in obtaining special legislation giving the Department broad authority to accommodate more ambitious proposals at Ford Island, Hawaii, and Brooks Air Force Base, Texas.

In 2000, D-o-D will submit additional out-leasing legislation. With this legislation, we hope to expand the types of in-kind services to include construction.

We also hope to change the way cash proceeds are treated in our budget and to allow these proceeds to be spent on a greater array of facility-related requirements, such as construction.

[back to top]