How to Improve Identification and Prioritization of Underutilized Department of the Navy Real Estate for Potential Enhanced Use Lease

Abstract

This thesis was born out of the efforts of the Department of the Navy to better leverage the available land it controls to financially support the needs of the shore infrastructure. My directive was to design a process that could be universally applied to all installations around the world to improve the speed and efficiency of decision makers in the enhanced use leasing process. The leading example of this process is the Broadway Complex in downtown San Diego, California where 12 acres of underutilized waterfront property has been leased to a private developer in return for a new headquarters building and years of maintenance for that facility. My process takes into account the general means and methods of that real estate action but also considers that no where else in the world is such a large piece of prime real estate available for such a project. The model that succeeded in San Diego can not be universally applied to other locations due to the unique challenges and requirements of not only the installation but the surrounding community. The process I have designed can be applied to every location but must be tested by installation staffs to ensure the enhanced use lease process is feasible with consideration of security requirements, community needs, and then financial viability for a private developer. This is best shown through a simplified procedure and tested as a case study of an actual installation to ensure the necessary requirements are met without impact to Navy operations and training.