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Posts Tagged ‘local redevelopment authority’

State Senator Urges Army to Scrutinize Ft. McPherson Sale to Tyler Perry

  • August 26, 2014
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State Sen. Vincent Fort (D), whose district includes the former Fort McPherson, is asking the Army to consider the repercussions of allowing the LRA to sell two-thirds of the post to filmmaker Tyler Perry, given the many years spent by community members crafting a mixed-use plan for the site. The proposed sale is “an abandonment of the approved … plan and is a betrayal of the citizens of East Point and Atlanta,” Fort said in an Aug. 7 letter to Army Secretary John McHugh. “There was a master plan in process that went on for several years,” he told Army Times last week …

New Jersey Developer Wins Auction for Property at Kelly Support Facility

  • August 14, 2014
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A New Jersey real estate developer submitted the winning bid for 18 acres at the former Charles E. Kelly Support Facility located outside of Pittsburgh. Paul Cusa, who owns Atlantic Office Suites in Wall, N. J., bid $580,000 during a live auction run by the General Services Administration. Four bidders participated in the auction for the property closed under the 2005 BRAC round, reported the Pittsburgh Post-Gazette. The two parcels auctioned include the commissary building and a former missile bunker. They are next to a 72-acre park Collier Township received from the federal government via a public benefit conveyance. A community center under construction there is almost complete. No plans for the two parcels zoned for mixed use have been announced. The township would like to see a mix of uses, including homes, offices and businesses, according to the story.

Starwood Ready to Move Ahead after SouthField Reform Legislation Passes

  • August 14, 2014
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The master developer for former Naval Air Station South Weymouth has a long list of tasks to address after Massachusetts lawmakers this week cleared legislation intended to jumpstart the reuse project located outside of Boston and, at this point, the firm seems eager to get started. “The moment the Senate [passed] the bill, our phones started ringing,” Matthew Barry, vice president of Starwood Land Ventures, told Wicked Local Abington. “There’s a lot of excitement in the market for residential, retail, as well as commercial …

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 …

Army Redirecting Cleanup Funds to Pueblo Depot

  • August 12, 2014
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The Army has shifted $54.5 million in environmental cleanup funds to Pueblo Chemical Depot over the next two years, a move expected to provide a boon to reuse efforts at the portions of the central Colorado facility that have been decommissioned. The funds will push the cleanup budget at the depot to $65.7 million in the coming fiscal year, reported the Pueblo Chieftain. The administration had proposed spending $11.2 million on the cleanup. “This is huge,” said Russell DeSalvo, executive director of Puebloplex …

State Approves Measure to Overhaul Redevelopment of NAS South Weymouth

  • August 11, 2014
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Eleven days after the Massachusetts Legislature closed its formal session without approving legislation intended to jump start the redevelopment of the former Naval Air Station South Weymouth, a vote Monday by the state senate during its informal session cleared the measure to go to Gov. Deval Patrick (D). The House passed the bill last week during its informal session, during which any lawmaker can block legislation. “A lot of time, effort, and resources were dedicated to getting this legislation enacted today,” said state Sen. Robert Hedlund (R) of Weymouth …

Ft. McPherson LRA Approves Sale to Filmmaker Tyler Perry

  • August 10, 2014
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The LRA for the former Fort McPherson on Friday approved a memorandum of understanding with filmmaker Tyler Perry for the purchase of 330 acres, about two-thirds of the former post located on the southwest edge of Atlanta, for a movie and television production complex. Under the agreement, Perry, best known as the creator of the “Madea” film franchise, would purchase the property for $30 million to build up to 16 sound stages. “I am confident that this kind of development will bring hundreds of permanent jobs into the area, and attract robust additional investment into the Southside of our city,” said Atlanta Mayor Kasim Reed …

Ft. Monmouth LRA Considering Purchase of Former Post

  • August 6, 2014
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The Fort Monmouth Economic Revitalization Authority (FMERA) is considering purchasing from the Army the 850 surplus acres at the former New Jersey post that have not yet been sold or are not under contract in an attempt to simplify the process of selling the property. Officials from the LRA, Monmouth County and the county improvement authority plan to meet this month to discuss a possible purchase, reported the Star-Ledger. The improvement authority would finance the purchase. The New Jersey Economic Development Authority would become the property owner …

Deadline Missed, But Bill to Overhaul South Weymouth Redevelopment Not Dead

  • August 3, 2014
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Massachusetts lawmakers failed to pass a sweeping proposal to revive the redevelopment of the former Naval Air Station South Weymouth by the July 31 close of its formal session, but the measure still could gain approval during the Legislature’s informal session, according to a top lawmaker. Master developer Starwood Land Ventures has said it would abandon the project, located 20 miles outside of Boston, if the state fails to approve the legislation by the end of its formal session …

Stratford Engine Plant Closing Not Imminent

  • July 31, 2014
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The closing of the deal to sell the 77-acre Stratford Army Engine Plant to a team of Connecticut developers most likely will not occur until the Army and the Connecticut Department of Energy and Environmental Protection (DEEP) reach an agreement over a plan to clean up the tidal flats of the Housatonic River. At this point, it is not clear how long it will take for the Army and state regulators to settle on a remediation plan, reports the Stratford Star. From the Army’s standpoint, Point Stratford Renewal can close on the transaction as soon it is willing to …

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