Officials Concerned Prospect of New BRAC Could Limit Ft. Drum Housing Supply
- February 1, 2012
The uncertainty created by the possibility of a new BRAC round could limit developers’ interest in expanding the housing supply outside of Fort Drum, say local officials in the greater Watertown, N.Y., region.
The region already suffers a significant housing deficit, a situation likely to worsen as troops return from overseas deployments. A new analysis from the Fort Drum Regional Liaison Organization (FDRLO) concludes there is a shortage of 1,035 units in the area, reports the Watertown Daily Times.
“When the 3rd Brigade returns, we won’t have any place to turn expect to expand the market and look outside” the immediate area, Carl McLaughlin, executive director of FDRLO, told the paper.
Still, several projects started in the past year demonstrate that developers have been willing to bet on the future of Fort Drum despite the talk in Washington about deep cuts in defense spending. Several housing projects — partially supported by financing from a coalition of regional agencies including FDRLO — going ahead shortly are slated to provide 700 apartment units.