Computer Model Aids Ft. Monmouth LRA’s EDC Negotiations
The Fort Monmouth Economic Revitalization Authority is relying on a geographic information system to house its business plan, helping to guide land use development over the next 30 years as well as to support its negotiations with the Army over an economic development conveyance (EDC).
The computer database, developed by Matrix Design Group, will include an array of information about environmental contamination and the condition of buildings and other infrastructure, along with other liabilities. The electronic master plan also will help the LRA ensure it meets the regulatory requirements associated with an EDC, according to the Eatontown-Tinton Falls Patch.
The database still is being developed, but already the authority can set an upper limit on how much the property, located close to the New Jersey shore, is worth. “The Army is not going to walk away with hundreds of millions of dollars. It’s just not going to happen,” a substitute board member said at a public meeting last week.