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 Industry News Item Added on December 13, 2001


US Institute of Peace To Build in DC

WASHINGTON -
 The United States Institute of Peace will convert a parking lot near the Vietnam and Korean war memorials into a 75,000- to 100,000-sf facility to promote the use of peaceful means in the prevention, management, and resolution of international conflicts. The $31- to $35 million structure will house approximately 60 employees. It will accommodate both conference and research space as well as an exhibit area, and will provide 340 underground parking spaces, to be shared with the nearby Navy medical facility. Construction will begin in two to three years, when sufficient funds have been raised.

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