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 …
With the prospect of finding a permanent solution to address the loss of California’s 400 redevelopment agencies uncertain, state lawmakers are proposing a temporary reprieve to give the agencies time to figure out how to continue existing development projects. On Friday, legislators introduced a bipartisan measure extending the Feb. 1 deadline for dissolving the redevelopment agencies until April 15 …
Irvine, Calif., officials are wondering how the redevelopment of the former Marine Corps Air Station El Toro will be funded after the California Supreme Court’s recent ruling upholding the governor’s plan to abolish the state’s 400 redevelopment agencies. Construction of the 1,300-acre Orange County Great Park is heavily dependent on the tax increment financing that redevelopment agencies are set up to provide …
The Horsham LRA recommended reducing the density of the 862-acre reuse plan for the former Naval Air Station Willow Grove by 30 percent during a conference call last month with its planning consultant. A reduction in the number of housing units from 1,999 to 1,416 would affect single-family homes, townhomes, and apartments and condominiums primarily on the north end of the base, where a 27-acre, mixed-use town center is planned …
The California Supreme Court last week ruled in favor of a state law dissolving about 400 redevelopment agencies, jeopardizing economic development efforts in communities, including those rejuvenating closed bases, across the state. The measure was enacted last summer as part of Gov. Jerry Brown’s plan to balance the state’s budget by reallocating funds raised via tax increment financing from redevelopment agencies to other public services such as public safety and education …
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 …
Officials last week marked the Air Force’s conveyance of the final piece of 2,331 acres at England Air Force Base transferred to the England Authority since the installation closed in 1992. The base’s conversion into England Airpark in central Louisiana is considered one of the best examples of the redevelopment of a BRAC installation …
The reuse project at the former Fort Devens outside of Boston continues to grow despite the struggling economy and the closure of a large manufacturing plant earlier this year. A second hotel, a Hilton Garden Inn, opened on Devens Common last month. The first phase of New England Studios, a planned, $100 million television and movie studio complex, is expected to break ground shortly …
With the Fort Ord Reuse Authority set to expire in 2014, 20 years after it was established by the California legislature, local officials held a public forum last week to discuss the LRA’s future. Leaders broadly agreed the authority should be extended beyond its June 30, 2014, expiration date, leaving the primary question how to accomplish that …
The Navy will conduct an online auction for 2,036 acres at the former Naval Station Roosevelt Roads located on the eastern tip of Puerto Rico starting Feb. 13, the BRAC Program Management Office said this week. The auction will offer two separate parcels …