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Posts Tagged ‘base redevelopment/environmental cleanup’

After Seven Years, LRA for Kansas Ammo Plant Signs Deed for Final Transfer

  • August 16, 2012
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The Great Plains Development Authority on Wednesday signed the deed to take possession of 6,116 acres at the former Kansas Army Ammunition Plant, marking the official start of the effort for Labette County in southeast Kansas to convert the facility into the Great Plains Industrial Park. The LRA obtained the parcel under an economic development conveyance, which calls for the authority to make an upfront payment of $49,999 to the Army. The LRA will pay the balance of the $3.5 million purchase price over a period of 10 years through a revenue-sharing agreement with the Army …

REIT Finds Leasing BRAC Space in Northern Virginia Challenging

  • August 15, 2012
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Filling space vacated by the Pentagon in Arlington, Va., is slow-going, but not as bad as commonly perceived, Michael Fascitelli, president and chief executive of Vornado Realty Trust, told investors last week. “Washington today is experiencing the perfect storm: BRAC, the GSA trying to be more efficient, a presidential election and a budget standoff creating uncertainty. But we expect that moderate growth and limited supply over the next several years will stabilize the market,” Fascitelli said, according to the Washington Post. Of the 2.4 million square feet of vacancies in Arlington slated to be created through the last round of base closures for Vornado’s Washington unit, Vornado/Charles E. Smith, the real estate investment trust has re-leased or begun redeveloping 818,000 square feet. But the new leases often require the firm to lower its rates significantly.

South Weymouth LRA to Compensate Town for Schooling Kids

  • August 9, 2012
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The LRA responsible for redeveloping the former Naval Air Station South Weymouth, Mass., is close to reaching agreement with the Weymouth school system over how much it will cost to enroll school-age children of residents at the SouthField reuse project. Weymouth, located about 15 miles south of Boston, is required to educate school-age children living at SouthField under legislation passed in 2008 but the South Shore Tri-Town Development Corp. must cover the cost …

Lennar, Chinese Bank Close to Deal on Hunters Point, Treasure Island Investment

  • August 6, 2012
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Lennar Corp. is several months away from signing a term sheet with the state-supported China Development Bank to invest $1.7 billion in Treasure Island and Hunters Point Naval Shipyard, two key base redevelopment projects in San Francisco. San Francisco Mayor Edwin Lee last week said the loan “is very important to our city, and we’re not letting it go,” Bloomberg News reported …

Lawsuit over Reuse Plan Halted Development at Former Ft. Ritchie

  • July 29, 2012
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Last week’s return of the former Fort Ritchie, Md., by Corporate Office Properties Trust to the entity originally created to oversee its reuse, PenMar Development Corp., followed a November 2009 federal court ruling that the Army failed to adequately assess the environmental impact of COPT’s new master plan. The decision stemmed from a lawsuit filed by two area residents claiming that COPT’s plan was significantly different than the one approved by Pen Mar in 1997 …

For Leading Ambitious Treasure Island Reuse, Project Director Captures ADC Award

  • July 29, 2012
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The bold redevelopment planned for the former Naval Station Treasure Island is slated to become a regional destination for the San Francisco Bay area distinguished by innovative urban planning strategies and an unparalleled commitment to environmental stewardship. The reuse project will take advantage of the latest standards of the profession related to construction technologies, transportation, urban design, waste systems, adaptive reuse of historic structures, landscape architecture and habitat management. For shepherding the transformation of Treasure Island and the adjacent Yerba Buena Island from the formative planning years through an intensive entitlement process, ADC is awarding …

Air Force Looks for Natural Ways to Clean Closed Bases

  • July 25, 2012
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The Air Force is adopting natural techniques to clean up closed bases as part of a larger initiative to turn closed bases into environmentally friendly and energy-efficient places to do business. At the former Chanute Air Force Base in Rantoul, Ill., the Air Force is employing “evapotranspiration” to combat groundwater contamination. As the Air Force Real Property Agency explains it, “Environmental engineers at the former installation planted [poplar] trees around landfills located at the site …

Fort Chaffee LRA Makes Great Strides, Takes Base Redevelopment Award

  • July 25, 2012
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The year 2011 was filled with accomplishments for the Fort Chaffee Redevelopment Authority, as it generated a historic high in revenue and recorded a number of successes in its effort to convert 7,000 acres at the former Army post in northwestern Arkansas into the mixed-use community now called Chaffee Crossing. For its tremendous progress in creating workforce, housing, commercial and recreational opportunities, ADC has named Fort Chaffee Redevelopment Authority, led by executive director Ivy Owen, the Base Redevelopment Project of the Year …

COPT Returns Former Ft. Ritchie to LRA

  • July 24, 2012
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PenMar Development Corp., the entity created in 1997 to oversee redevelopment of Fort Ritchie after it closed, has taken the property back from Corporate Office Properties Trust following several months of discussions between the two parties, the development corp. announced Tuesday. PenMar had sold the 591-acre site, located in central Maryland just over the Pennsylvania border, to COPT in 2006 for $9 million. The developer paid PenMar $5 million at the time; the remainder wasn’t due until 2016 …

Jet Fuel Spill at Kirtland Much Larger than Previously Estimated, Officials Say

  • July 23, 2012
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A jet fuel spill originally discovered at Kirtland Air Force Base in 1999 could be as large as 24 million gallons, threatening the water supply of Albuquerque, N.M. Estimates of the underground leak’s size have continued to grow over the past 12 years, during which less than a half million gallons have been pumped out of the ground. One of the city’s critical wells is less than two-thirds of a mile from the tip of the groundwater plume …

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