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Posts Tagged ‘economic development conveyance’

Walter Reed LRA Needs EDC Business Plan, Support to Select Master Developer

  • August 19, 2012
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The District of Columbia has issued two solicitations for work to support the redevelopment of the former Walter Reed Army Medical Center. The district’s office of the Deputy Mayor for Planning and Economic Development, on behalf of the Walter Reed Local Redevelopment Authority, is seeking a consultant for Economic Development Conveyance Business Plan and Analysis Services, which will support the analysis needed for an EDC application …

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 …

Horsham Forms Implementation LRA to Revitalize NAS Willow Grove

  • June 26, 2012
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The implementation LRA for the former Naval Air Station Willow Grove will look very much like the entity that led the effort to forge a reuse plan for the 861-acre site, as the Horsham Township Council on Monday appointed four current members of the LRA to the new authority. The council’s president was the one new member appointed to the authority that will carry out a plan that calls for a mix of uses, including a town center, neighborhoods with a variety of housing types, office and business parks, areas for recreation and parks, and other uses …

Army, State Sign Transfer Agreement for Ft. Monmouth

  • May 20, 2012
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The Army will transfer more than 560 acres at the former Fort Monmouth to the Fort Monmouth Economic Revitalization Authority through an economic development conveyance over the next nine months, under an agreement signed last week by the Army and the state of New Jersey. By June 15, the Army will convey a 55-acre parcel that is designated to house a 650,000-square-foot headquarters for locally based CommVault. A number of other parcels — including the former Paterson Army Hospital which is slated to be purchased by AcuteCare Health Systems — will be transferred by Oct. 1 …

Redevelopment at Lowry’s Buckley Annex Set to Begin

  • March 28, 2012
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Development on the Buckley Annex at the former Lowry AFB in Denver is slated to begin this fall with demolition work. The reuse plan for the 70-acre site, closed following BRAC 2005, calls for 800 residences, up to 200,000 square feet of commercial office and retail space, and a 4.5-acre community park …

LRA to Start Receiving Ft. Monmouth Property over Coming Year

  • February 6, 2012
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The first phase of land transfers at the former Fort Monmouth, N.J., is scheduled to be completed within one year, according to the memorandum of agreement reached between the Army and the Fort Monmouth Economic Revitalization Authority …

Navy Transfers EDC Parcel at Roosevelt Roads to Puerto Rico

  • January 31, 2012
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The Navy last week transferred 992 acres at the former Naval Station Roosevelt Roads to the commonwealth of Puerto Rico via an economic development conveyance. The EDC agreement, reached in December, calls for the Navy to convey a total of 1,370 acres at the 8,700-acre base. In exchange, the commonwealth will pay the Navy $8 million along with 40 percent …

Puerto Rico, Navy Reach Agreement over Roosevelt Roads EDC

  • January 18, 2012
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Next week the Navy plans to transfer about 1,000 acres at the former Naval Station Roosevelt Roads to the commonwealth of Puerto Rico, jumpstarting the property’s conversion into an eco-tourist and commercial destination. The scheduled transfer follows the EDC agreement the two parties signed last month for 1,370 acres at the 8,700-acre base located on the eastern tip of Puerto Rico …

Ft. Monmouth LRA Approves EDC Transfer Agreement

  • January 2, 2012
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The Fort Monmouth Economic Revitalization Authority approved on Dec. 21 the economic development conveyance agreement it had negotiated with the Army, paving the way for much of the New Jersey installation’s 1,126 acres to pass into private hands over the next 18 months. Under the agreement, the authority will hand over 50 percent of the proceeds from the sale or lease of property to the Army …

Navy Transfers EDC Parcel to South Weymouth LRA

  • December 19, 2011
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The Navy last week completed the closing and initial property transfer of about 680 acres at the former Naval Air Station South Weymouth, Mass., to the South Shore Tri-Town Development Corp. through an economic development conveyance. LNR Property LLC will be responsible for the estimated $25 million cost of the conveyance; about half of the compensation relies on revenue sharing …

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