Proposed Swap Of Fuel Depot Land In Exchange For Construction
Air Force officials and Florida Congressman Allen Boyd announced
Tuesday the selection of Tyndall Development Partners, LLC, as the
highest ranked offeror for negotiating a transfer of the Lynn Haven
Fuel Depot property in Lynn Haven, FL, in exchange for performing
military construction at Tyndall Air Force Base.
Kathleen I. Ferguson, the deputy assistant secretary of the Air
Force for installations, selected Tyndall Development Partners,
LLC, which is owned and managed by Hunt ELP, Ltd., of El Paso, TX.
Air Force officials now will enter a period of exclusive
negotiations with the company to determine the terms and conditions
of the transaction.
Air Force officials say they have worked closely with those in
the city of Lynn Haven, Florida State University and Congressman
Allen Boyd's office on a plan for development of a water-based
research park, with an FSU-Panama City satellite campus serving as
an anchor. The development will increase tax revenues and
significantly expand economic development in Lynn Haven.
"This is an exciting opportunity to convert underutilized,
vacant property into a productive development," said Brig. Gen.
Darryl Roberson, commander of the 325th Fighter Wing at Tyndall
AFB. "This transaction mutually benefits the local community, FSU,
and the Air Force now and into the future. We all have a vested
interest in seeing this project successfully completed and we look
forward to working with the developer."
Congressman Boyd praised the participants for bringing this
"This is great news for Tyndall Air Force Base, FSU, the city of
Lynn Haven and the people of Bay County," he said. "Last year,
through legislation in Congress, we reached an agreement to
transfer 40 acres located at the Lynn Haven Fuel Depot to FSU for
the purpose of developing a new research campus. In the past year,
we moved forward and continued to work together to determine the
best way to utilize the remaining land that will most benefit our
area. I am pleased that through our collaborative and coordinated
efforts we are seeing this project to a positive and successful
The Lynn Haven Fuel Depot property consists of three parcels
totaling 184 acres. A parcel of approximately 40 acres has been
designated for transfer to FSU for use as a satellite campus; a
50-acre parcel is a railroad right-of-way that will likely be used
to improve access to the site; and the remaining 94-acre parcel is
intended for development by Tyndall Development Partners, LLC.