Posts Tagged ‘local redevelopment authority’

Construction of a health clinic and columbarium by the Department of Veterans Affairs at the former Naval Air Station Alameda will save the city of Alameda $12.5 million in infrastructure costs. The savings will come when the VA builds several roadways and installs water, gas and other utilities for its project at Alameda Point, reported InsideBayArea.com. The city may use the savings to construct a sports complex or to pay for other redevelopment at the former base located on San Francisco Bay. The VA is slated to receive 115 acres at the site; a separate 512-acre parcel will be turned into a refuge for the California least tern.

The Great Plains Development Authority has retained Jorgenson Consulting to conduct a national search for an experienced economic development professional with both business investment experience and a background in industrial property development. Candidates with a background in planning, engineering property management, site location consulting, land use planning and public finance should consider applying …

The Air Force has formally transferred property at the former McClellan Air Force Base to two school districts and a museum, pushing the service one step closer to disposing of all 3,000 acres at the Sacramento, Calif., site. To date, the Air Force has transferred about 1,700 acres at the base closed following the 1995 BRAC round to community entities for redevelopment. The remaining portions of the base, primarily the airfields, are expected to transfer in 2014 …

The Army’s delay in cleaning up 1,100 acres at the former Lone Star Army Ammunition Plant is slowing the LRA’s redevelopment plans for the northeastern Texas facility that closed following the last round of base closures. “Some of the work has been completed, but the vast majority of it has not. The property is still pretty encumbered by permit regime that makes it very difficult to sell,” said Bill Cork, CEO of TexAmericas Center …

Negotiations between the Army and the Fort Monroe Authority have lasted much longer than expected due to a dispute over the value of the portions of the property not slated to revert to the commonwealth of Virginia. The Army is asking for a figure that is 10 times the value estimated by the authority, LRA Executive Director Glenn Oder told the Daily Press …

Legislation sponsored by Maine’s two senators would make it easier for tenants located at bases closed in the last BRAC round to qualify for the HUBZone program, a Small Business Administration initiative offering preferential access to federal procurements to businesses in distressed areas. Currently, BRAC installations are designated as HUBZones for five years after they are formally closed. The law, however, defines the geographic boundaries of those HUBZones as the borders of the closed installation, making it extremely difficult for companies to meet one of the program’s criteria — 35 percent of their employees must live within the HUBZone …

The District of Columbia last week issued a request for qualifications from prospective firms to be the master developer for 66.6 acres at the former Walter Reed Army Medical Center in Upper Northwest Washington. The city’s reuse plan for the site, which will feature a town center, calls for 1,864 multi-family housing units, 90 townhomes, 767,000 square feet of office space, 212,000 square feet of retail, and 176,000 square feet of other uses such as arts and entertainment …

The city of Philadelphia on Friday unveiled a new master plan for the former Philadelphia Navy Yard, a move necessitated by the remarkable investment and job growth the base has experienced since most naval activities shut down following the 1995 round of BRAC. Since 2000, when the city acquired 1,000 acres from the Navy, more than $130 million in publicly funded infrastructure improvements has leveraged more than $700 million in private investment …

The Fort Monmouth Economic Revitalization Authority gained its first commercial tenant this week after a data management software firm agreed to construct its headquarters on a 55-acre parcel at the former post located in coastal New Jersey. In the next several weeks, CommVault Systems plans to begin initial site work on the first phase of its headquarters, which includes a $70 million, 275,000-square-foot building, reported NJBIZ. The headquarters will require three construction phases over 20 years …

Last week’s sale of LNR Property LLC, the parent company of the master developer of the former South Weymouth Naval Air Station located outside of Boston, should not affect the project now called Southfield, according to Weymouth officials. On Thursday, Greenwich, Conn.-based Starwood Property Trust and Starwood Capital Group announced they had agreed to pay $1.05 billion to buy LNR …