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Posts Tagged ‘local redevelopment authority’

Brunswick LRA Promotes Economic Development through Loan Fund

  • June 24, 2013
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The Midcoast Regional Redevelopment Authority doubled the size of a loan fund it created to help prospective and current tenants at Brunswick Landing and Topsham Commerce Park improve existing facilities and to support their working capital needs, the LRA announced last week. The authority’s partnership with a community bank based in Maine will allow it to leverage its own funds to lend up to $1 million to tenants at the former Naval Air Station Brunswick …

City Council Votes to Dissolve Bayonne LRA

  • June 23, 2013
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The Bayonne (N.J.) City Council last week voted to abolish the city authority responsible for realizing an ambitious plan to turn the former 432-acre Military Ocean Terminal Bayonne into an upscale, mixed-use development. The Bayonne Local Redevelopment Authority’s mission had been greatly scaled back since the city sold a large chunk of the one-mile-long strip of land jutting into New York Harbor to the Port Authority of New York and New Jersey …

Air Force Returns Onizuka AFS to Local, Federal Users

  • June 12, 2013
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The Air Force has finished the disposal of the former Onizuka Air Force Station in northern California, transferring a total of 19 acres to the city of Sunnyvale, a community college and the Department of Veteran Affairs, the Air Force Civil Engineer Center announced last week. The VA obtained facilities on a 4.4-acre tract it plans to use for a research laboratory. The agency paid the Air Force $6.5 million. Foothill-De Anza Community College plans to build a regional education facility on a 9.2-acre site it received through a public benefit conveyance sponsored by the Education Department …

LRA Positions Chemical Depot Site, Indiana Community for Successful Recovery

  • June 11, 2013
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Reuse efforts at the former Newport Chemical Depot are well underway despite the three-year wait planning officials in west central Indiana were forced to endure until the destruction of the nerve agent VX stored there was completed in 2008. DOD did not give the community the green light to start planning for the facility’s redevelopment until later that year, but since then the local redevelopment authority has moved quickly to recover from the loss of 690 jobs and $40 million in annual purchasing after the facility closed …

LRA Readies for Transfer of Property at Umatilla Chemical Depot

  • June 9, 2013
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Transfer of 9,462 acres at the former Umatilla Chemical Depot in northern Oregon could take place next year and, in the meantime, the Umatilla Army Depot Reuse Authority is working on transforming itself into an implementation LRA. The parcel most likely will be transferred via a no-cost economic development conveyance, Don Chance, the LRA’s project manager told the East Oregonian. About 3,000 acres would be used for industrial development …

BRIC Bill Would Extend BRAC Environmental Protections to Other Closed Bases

  • June 9, 2013
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Former ammunition plants and other military installations closed outside of the BRAC process would receive the same liability protections as BRAC sites when unknown contamination is discovered, under legislation introduced last week by Indiana Rep. Todd Young. The Base Redevelopment and Indemnification Correct (BRIC) Act, H.R. 2258, would extend liability protections provided to developers of BRAC installations to all DOD facilities closed after Oct. 24, 1988. The provision would extend the indemnity now provided by Section 330 of the 1993 defense authorization bill to bases closed outside of the BRAC process …

Defense Bill Language Could Ease Return of Ft. Monroe Parcel

  • June 6, 2013
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The Fort Monroe Authority may not need to negotiate with the Army over the purchase price for a 70-acre parcel at the historic post not included in the acreage already reverting to the commonwealth of Virginia. A provision in the House version of the fiscal 2014 defense authorization bill directs the Army to convey the tract as close in time as possible to the transfer of 372 acres of the post already slated to return to the commonwealth …

Navy Returns NAS Alameda Property to City

  • June 4, 2013
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Sixteen years after Naval Air Station Alameda closed, the city of Alameda has obtained 1,379 acres of the base from the Navy, including 509 acres of land and 870 acres of submerged property at the site on San Francisco Bay. “This has been a long time coming and we’re incredibly excited that we can finally move forward with the development of Alameda Point,” said Mayor Marie Gilmore. The transfer would be the first of four from the Navy at Alameda Point under a no-cost economic development conveyance. The city’s reuse plan calls for about 1,425 homes and 5.5 million square feet of commercial space, reported CBS News.

Ft. Monroe Transfer Not Yet Final

  • May 30, 2013
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The Army has sent the necessary documents to the Virginia attorney general’s office to convey 313 acres at the former Fort Monroe to the commonwealth, but the transfer won’t occur until Gov. Bob McDonnell (R) signs off on it. Since a surprise announcement two months ago, the Army has been pointing to May 28 to complete the transfer. The Army created a 60-day transition period “to make sure buildings are maintained, and to provide a smooth and orderly transition to state of Virginia’s management …

LRA Approves Transfer of Ft. Monroe Acreage

  • May 27, 2013
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In a sharp turn from its position two months ago, the Fort Monroe Authority last week agreed to accept the transfer of 313 acres at the former installation from the Army. If Virginia Gov. Bob McDonnell signs off on the transfer, the property — located on the shore of the Chesapeake Bay in Hampton — could be transferred Tuesday, reported the Daily Press. The conveyance includes the stone fort, Continental Park, Wherry Quarter, and parts of the Historic Village …

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