[Federal Register Volume 76, Number 224 (Monday, November 21, 2011)]
[Notices]
[Page 72047]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-30034]


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DEPARTMENT OF VETERANS AFFAIRS


Enhanced-Use Lease (EUL) of Department of Veterans Affairs (VA) 
Real Property for the Development of a Parking Structure, Professional 
Medical Office Structure, a Hotel and General Use Retail Space in 
Memphis, TN

AGENCY: Department of Veterans Affairs.

ACTION: Notice of intent to enter into an Enhanced-Use Lease (EUL).

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SUMMARY: The Secretary of VA intends to enter into an EUL on an 
approximately 4.0-acre parcel of land at the Memphis VA Medical Center 
in Memphis, Tennessee. As consideration for the lease, the lessee will 
be required to finance, design, develop, construct, manage, operate, 
and maintain a mixed-use parking development, whereby VA will receive 
negotiated lease consideration likely to include increased parking 
capacity. The development may also include a professional medical 
office building, a hotel, and general use retail space.

FOR FURTHER INFORMATION CONTACT: Edward Bradley, Office of Asset 
Enterprise Management (044), Department of Veterans Affairs, 810 
Vermont Avenue NW., Washington, DC 20420, (202) 461-7778 (this is not a 
toll-free number).

SUPPLEMENTARY INFORMATION: Title 38 U.S.C. 8161 et seq. states that the 
Secretary may enter into an enhanced-use lease if he determines that 
implementation of a business plan proposed by the Under Secretary for 
Health for applying the consideration under such a lease for 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 14, 2011.
Eric K. Shinseki,
Secretary of Veterans Affairs.
[FR Doc. 2011-30034 Filed 11-18-11; 8:45 am]
BILLING CODE 8320-01-P