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steep rent for US embassy in Kabul

http://www.washingtonpost.com/wp-dyn/content/article/2010/04/01/AR2010040103702.html

“…the embassy is leasing a 4.8-acre property from an Afghan landlord to build a 45-meter-wide access road during new construction at the embassy. Later, the land could provide additional access to the expanded embassy compound.

…who’s the landlord? It’s the Cooperative of the National Army of Afghanistan, which the embassy describes as “a cooperative created to provide support for current and retired Afghan soldiers.” Is it a 501©(3)? The co-op owns “substantial acreage adjacent to the embassy compound,” we’re advised.

Okay, so how much is this costing us? The rent is $859,440 a year, the embassy said in a recent letter to the Senate. That comes out to just under $4.50 a square foot. “In addition to the rent, the lease provides for payment of $550,000 as compensation for buildings and improvements” on an adjacent site already taken over by the embassy and a “one-time payment of $150,000 for the demolition and removal of a small mosque” on the new parcel, which is “the cost for the landlord to rebuild the mosque elsewhere.”

This is a five-year lease, renewable “automatically and indefinitely” unless the U.S. government cancels."

by teru kuwayama at 2010-04-02 17:57:12 UTC | Bookmark | | Report spam→


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