The Defenders Lodge, made possible through a generous donation by Lee and Penny Anderson, will hold a ribbon-cutting ceremony in Palo Alto, Calif., in the next weeks to officially open for guests in January 2014.
The new Defenders Lodge is expected to serve up to 20,000 veterans annually, veterans who travel each year to Palo Alto for treatment.
PenFed volunteered as the primary sponsor of constructing the hotel, a $17 million initiative in partnership with the Department of Veterans Affairs.
In 2010, Pentagon Federal Credit Union assisted with a $10 million low-interest loan to help get construction under way.
The PenFed foundation is working on raising the additional private donations to help cover the cost of construction.
This information comes from Alison Beckwith, with the PenFed Foundation. Beckwith may be reached at firstname.lastname@example.org or (301) 699-0148 to schedule a conference with Christopher Flynn, President and CEO of PenFed Foundation. Flynn is available anytime.
Thanks to those who participated in AMVETS Annual Crazy Water Car Cruise and Car Show.
Speak to you again next week.