The United States Navy has selected a development team led by San Diego-based Manchester Financial Group and McLean, Virgina-based Edgemoor Infrastructure and Real Estate to replace its obsolete NAVWAR facilities and remake the rest of the 70.3-acre military campus in San Diego's Midway District with private development.
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The agreement is being unveiled as President Biden hosts the South Korean President for a state visit amid heightened anxiety about North Korea s increased missile tests in recent months.