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Posts Tagged ‘economic development conveyance’

Ft. McPherson Sale to Filmmaker Still Has Federal Hurdles to Overcome

  • August 14, 2014
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The LRA for the former Fort McPherson will need to satisfy several concerns from the Army and the Department of Housing and Urban Development before its sale of about two-thirds of the post to filmmaker Tyler Perry for a movie and television production campus can be realized. Before the Army approves the sale of 330 acres of the site located on the southwest edge of Atlanta, the McPherson Implementing Local Redevelopment Authority will need to demonstrate in its application for an economic development conveyance how Perry’s studio satisfies requirements that the installation will be converted to a use that creates jobs …

Dispute between LRA, Developer Continues over Way Forward at NAS South Weymouth

  • June 22, 2014
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The South Shore Tri-Town Development Corp., the LRA responsible for redeveloping the former Naval Air Station South Weymouth, and its master developer continue to remain at odds over a plan for jump starting development at the base located outside of Boston. Starwood Land Ventures’ plan, which requires approval by the state Legislature, would strip authority from the LRA and shift responsibility for public services and tax revenue to the surrounding communities of Weymouth, Abington and Rockland. Starwood is trying to gain the support of the three towns and in recent weeks has been negotiating the language of proposed legislation with the mayor of Weymouth …

Brunswick LRA Pays Back Navy Loan 10 Years Early

  • June 6, 2014
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Officials from the Midcoast Regional Redevelopment Authority (MRRA) presented a $3 million check to the Navy on Thursday, paying off part of its obligation for its economic development conveyance 10 years before it was due. The early loan payoff is a testament to the speedy transfer of the property from the Navy and the subsequent rapid redevelopment at Brunswick Landing and Topsham Commerce Park. The payment took place at the Defense Communities National Summit and will save the authority, the LRA for the former Naval Air Station Brunswick (NASB), about $1 million in interest and bank charges. “This action represents the types of sound fiscal management decisions that are made by the MRRA Board of Trustees in their oversight of the NASB redevelopment effort …

Ceremony Signals Property Transfer Coming Shortly to Ft. Gillem

  • May 4, 2014
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The city of Forest Park, Ga., and the Army held a ceremony Friday to mark the transfer of much of the land at the former Fort Gillem. The ceremony was only symbolic, however, as the city and the Army still need to complete the paperwork making the conveyance official, reported the Clayton News Daily. “It’ll be a matter of weeks, not months” said Fred Bryant, executive director of the Urban Redevelopment Authority, who has been working for the city to secure the land since 2006 …

10 Firms Vie to Become Master Developer for NAS Willow Grove

  • April 22, 2014
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Ten developers have responded to the request for qualifications from the LRA for the former Naval Air Station Joint Reserve Base Willow Grove, Pa., allowing the authority to stay on track to reach agreement with a master developer by the end of the calendar year. At the board meeting last week of the Horsham Land Redevelopment Authority, Executive Director Mike McGee said he was pleased by the healthy response as well as by the candidates’ conclusion that the redevelopment plan for the 862-acre site located outside of Philadelphia was viable …

City Creates New Authority to Carry out Ft. Gillem Reuse

  • April 20, 2014
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The Forest Park, Ga., city council last week approved the creation of an Urban Redevelopment Authority (URA) to oversee the reuse of 778 acres at the former Fort Gillem. The new authority will replace the Forest Park/Fort Gillem Implementation Local Redevelopment Authority, which is expected to disband shortly and transfer its work to the URA, reported the Clayton News Daily. The URA also will adopt the city’s urban redevelopment plan. “That now gives you the authorities that you need to have as the Urban Redevelopment Authority to start taking action and doing things on behalf of the city,” authority Executive Director Fred Bryant told URA board members. Officials are preparing to close on the Fort Gillem property in the coming weeks, and plan to hold a ceremony May 2.

BRAC Property Disposal Advances, Navy Says

  • April 9, 2014
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Using a variety of conveyance mechanisms, the Navy has disposed of 93 percent of its excess property identified in prior BRAC rounds, with less than 14,000 acres remaining, the service’s top installations official told lawmakers last week. In the testimony he submitted to the Senate Armed Services Readiness and Management Support Subcommittee, Dennis McGinn, assistant secretary for energy, installations and environment, cited several milestones the Navy achieved last year: May 2013 — the Navy conveyed 1,917 acres at the former Naval Station Roosevelt Roads to the commonwealth of Puerto Rico LRA via an economic development conveyance …

Willow Grove LRA Prepares to Negotiate with Navy over Property Transfer

  • January 17, 2014
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The LRA for the former Naval Air Station Joint Reserve Base Willow Grove approved its economic development conveyance application Wednesday, marking the first step in the process to obtain 862 acres at the base from the Navy. Next up will be negotiations between the two parties over the value of the property and other terms.The Horsham Land Redevelopment Authority could obtain the first parcel at the air base before the end of the calendar year …

Language Directing Quick Transfer of Ft. Monroe Parcel Left out of Policy Bill

  • January 2, 2014
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A provision directing the Army to convey a 70-acre parcel at Fort Monroe that is separate from the acreage at the historic post already reverting to the commonwealth of Virginia was dropped from the compromise version of the fiscal 2014 defense authorization bill. The language from the House version of the annual policy bill possibly could have forced the Army to transfer the tract to the Fort Monroe Authority at no cost, eliminating the need for lengthy negotiations over the terms of a transfer …

Willow Grove LRA Prepares for Next Steps in Redevelopment

  • December 8, 2013
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The LRA for the former Naval Air Station Willow Grove is eager to move ahead with the redevelopment process as several milestones approach. The Navy is expected to release shortly the environmental impact statement for the property located outside of Philadelphia. “I’m still hoping this month,” Horsham LRA Executive Director Mike McGee told the Hatboro-Horsham Patch. “We certainly want to know what they say about our plan …

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