[Federal Register Volume 69, Number 225 (Tuesday, November 23, 2004)]
[Notices]
[Page 68214]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-25915]



[[Page 68214]]

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DEPARTMENT OF VETERANS AFFAIRS


Enhanced-Use Lease of VA Property, Chicago (Lakeside), IL

AGENCY: Department of Veterans Affairs.

ACTION: Notice of intent to enter into an enhanced-use lease.

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SUMMARY: The Secretary of the Department of Veterans Affairs (VA) 
intends to enter into an enhanced-use lease of approximately 3.8 acres 
known as VA's Lakeside property in Chicago, Illinois (``Lakeside''). 
The Department proposes to enter into a long-term (up to 75 years) 
lease with a competitively selected lessee that would bear full 
financial and legal responsibility to redevelop the property into a 
modern health care campus, at no cost to VA. VA would use the 
consideration from the proposed lease to improve health care services 
and facilities for veterans. Under other terms of the proposed lease, 
VA could continue to use the hospital property to provide health care 
and services to veterans until December 31, 2007.

FOR FURTHER INFORMATION CONTACT: Brian A. McDaniel, Office of Asset 
Enterprise Management (004B), Department of Veterans Affairs, 810 
Vermont Avenue, NW., Washington, DC 20420, (202) 273-9492.

SUPPLEMENTARY INFORMATION: 38 U.S.C. 8161 et seq., specifically 
provides that the Secretary may enter into an enhanced-use lease if he 
determines that the implementation of a business plan proposed by the 
Under Secretary for Health for applying the consideration under such a 
lease to the provision of medical care and services would result in a 
demonstrable improvement of services to eligible veterans in the 
geographic service-delivery area within which the property is located. 
This project meets this requirement.

    Approved: November 15, 2004.
Anthony J. Principi,
Secretary of Veterans Affairs.
[FR Doc. 04-25915 Filed 11-22-04; 8:45 am]
BILLING CODE 8320-01-P