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Posts Tagged ‘local redevelopment authority’

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 …

Customer Service Operation to Bring 600 Jobs to Ft. Monroe

  • July 31, 2014
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Liberty-Source PBC, a business process outsourcer, will invest $1.6 million to locate a customer service facility at the former Fort Monroe in Hampton, Va., that will create 596 jobs, Virginia Gov. Terry McAuliffe (D) announced last month. The company, which will provide finance, accounting, human resources, customer care and additional support services for its clients, employs a business model that uniquely relies on military spouses …

Walter Reed out of Running for FBI Headquarters

  • July 29, 2014
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The former Walter Reed Army Medical Center in Washington, D.C., will not become the new home of the FBI, after the General Services Administration (GSA) on Tuesday announced three candidate locations in the Maryland and Virginia suburbs to house the federal law enforcement agency. Walter Reed was never under official consideration by GSA for the headquarters, but strict security requirements recently prompted officials to look at additional locations that could accommodate a 350-foot setback, the Washington Post reported earlier this month …

Move of DOD Activity Could Jump Start Redevelopment of Annapolis Research Facility

  • July 28, 2014
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The planned move of the U.S. Joint Spectrum Center from the former David Taylor Research Center in Annapolis could revitalize a 10-year-old, $250 million reuse plan for the site on the Severn River. The Joint Spectrum Center, part of the Defense Information Systems Agency, remained at David Taylor after it was shuttered following an earlier BRAC round. The center and its 160 employees will relocate to Fort Meade, Md. …

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