WASHINGTON -- Utah Sens. Orrin Hatch, Bob Bennett and Rep. Rob Bishop lauded the announcement that construction on Falcon Hill, the $1.4 billion privately funded aerospace research park planned for Hill Air Force Base, is now set to begin on the first building.
The deal between private developer Sunset Ridge Development Partners, LLC and Northrop Grumman could allow ground-breaking to begin as early as October.
The deal clears the way for construction to officially begin on the Enhanced Use Lease (EUL) project, the largest of its kind in the history of the Defense Department and one that could bring as many as 15,000 high-paying jobs.
Hatch, Bennett and Bishop worked with the Air Force to ensure the service's requirements were met, arranged for the consideration of this specific lease and ensured all stakeholders stay within the parameters of the Enhanced Use Lease law. This project will not require the expenditure of government funds.
Terms of the $1.4 billion public-private partnership call for Sunset Ridge Development to finance, build and maintain 8 million square feet of office space and supporting restaurants and hotels on 550 acres on Hill AFB's west side.
In return, Hill will receive 1.6 million square feet of office space at no cost for Air Force projects. The remainder will be leased out to government agencies as well as to defense contractors and other private agencies.
As a result of the commercial lease with Sunset Developers, Northrop Grumman's office will be built adjacent to the 526th ICBM Systems Group at Hill.