AF signs lease for multi-sports complex project with City of Goldsboro Published March 28, 2016 By AFCEC Public Affairs JOINT BASE SAN ANTONIO-LACKLAND, Texas -- The Air Force and the City of Goldsboro, North Carolina, signed a lease March 25 for a multi-sports complex on the perimeter of neighboring Seymour-Johnson Air Force Base. The Enhanced Use Lease, or EUL, enables the City of Goldsboro to develop and manage a multi-sports complex on 62 acres of underutilized, non-excess property on the perimeter of the base. Once constructed, the complex will consolidate several sports fields scattered throughout the community into a single, modern sports complex. In exchange for the 20-year lease, the base will receive consideration primarily consisting of a 2,500 square foot addition to the existing fitness center at Seymour-Johnson AFB. EULs are long-term agreements between the Air Force and public or private developers to lease non-excess Air Force property in exchange for cash or in-kind consideration; the program is managed through the Air Force Civil Engineer Center. "EULs are an effective way for installations to optimize the value of under-utilized property," said James Fitzpatrick, AFCEC's EUL program chief. "This project is unique because it also promotes community partnership." The AFCEC Installations Directorate acquires, manages and disposes of Air Force-controlled real property worldwide. As of the close of FY15, the Air Force has received $79.7 million from value-based transactions executed and managed by the Installations Directorate. Based on net present value, the Air Force estimates these deals will garner nearly $258 million throughout the life of these projects.