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Boyer Gets Hill Air Force Base Housing Contract

Boyer Gets Hill Air Force Base Housing Contract

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HILL AIR FORCE BASE, Utah (AP) -- The Boyer Co. has been awarded a $105.6 million contract to remodel or replace more than 1,000 homes and townhouses at Hill Air Force Base.

Under the contract announced Thursday, the Salt Lake City-based company will demolish 120 surplus military housing units, remodel or replace 1,011 units, and own, operate and maintain 1,018 units.

The project will take about six years to complete, after which Boyer will serve as the landlord. The company has signed a 50-year lease agreement with the Air Force on the property, which occupies the base's southwest corner.

Boyer established a single-purpose company, Boyer Hill Military Housing LC, to oversee the project. Mark Pace, project manager for Boyer Hill Military Housing, said demolition and construction work is expected to begin about Aug. 1.

Residents in about 580 of the units will have to move while the work is under way. Base housing staff plans to assist with relocation services.

"This is designed to make people want to stay in the military," Pace said. "(The armed forces) don't want housing to be a negative."

The project includes 23 historic units that will be renovated and maintained in accordance with an agreement with the state Historical Preservation Office.

The Air Force is looking to privatize more than 34,000 units nationwide at a cost of about $4 billion. The Hill project is the 14th awarded since Congress authorized the effort in 1996.

Financing for the project includes $41 million in bonds financed by investment firm Lehman Brothers and a $33.6 million federal government loan. Future financing during the next 50 years is estimated to bring the total project cost to $105.6 million.

(Copyright 2005 by The Associated Press. All Rights Reserved.)

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