Posts Tagged ‘local redevelopment authority’

The Great Plains Development Authority on Wednesday signed the deed to take possession of 6,116 acres at the former Kansas Army Ammunition Plant, marking the official start of the effort for Labette County in southeast Kansas to convert the facility into the Great Plains Industrial Park. The LRA obtained the parcel under an economic development conveyance, which calls for the authority to make an upfront payment of $49,999 to the Army. The LRA will pay the balance of the $3.5 million purchase price over a period of 10 years through a revenue-sharing agreement with the Army …

The LRA responsible for redeveloping the former Naval Air Station South Weymouth, Mass., is close to reaching agreement with the Weymouth school system over how much it will cost to enroll school-age children of residents at the SouthField reuse project. Weymouth, located about 15 miles south of Boston, is required to educate school-age children living at SouthField under legislation passed in 2008 but the South Shore Tri-Town Development Corp. must cover the cost …

Lennar Corp. is several months away from signing a term sheet with the state-supported China Development Bank to invest $1.7 billion in Treasure Island and Hunters Point Naval Shipyard, two key base redevelopment projects in San Francisco. San Francisco Mayor Edwin Lee last week said the loan “is very important to our city, and we’re not letting it go,” Bloomberg News reported …

Last week’s return of the former Fort Ritchie, Md., by Corporate Office Properties Trust to the entity originally created to oversee its reuse, PenMar Development Corp., followed a November 2009 federal court ruling that the Army failed to adequately assess the environmental impact of COPT’s new master plan. The decision stemmed from a lawsuit filed by two area residents claiming that COPT’s plan was significantly different than the one approved by Pen Mar in 1997 …

PenMar Development Corp., the entity created in 1997 to oversee redevelopment of Fort Ritchie after it closed, has taken the property back from Corporate Office Properties Trust following several months of discussions between the two parties, the development corp. announced Tuesday. PenMar had sold the 591-acre site, located in central Maryland just over the Pennsylvania border, to COPT in 2006 for $9 million. The developer paid PenMar $5 million at the time; the remainder wasn’t due until 2016 …

The State Department has revealed its plans for the 43.5-acre portion of the former Walter Reed Army Medical Center it requested from the Army — a foreign missions center to accommodate new embassies for foreign governments. State’s proposal for the center in upper Northwest Washington would be similar to the International Chancery Center located closer to the downtown core of Washington that has more than a dozen foreign missions. The agency now is in the early stages of drafting a master plan for developing the site, located in the northwest portion of the hospital campus. State is preparing an environmental impact statement for the project, which could take up to two years to complete, reported the Washington Business Journal …

The D.C. Council last week voted to send its redevelopment plan for 67.5 acres at the former Walter Reed Army Medical Center to the Department of Housing and Urban Development, bringing the city one step closer to realizing a new mix of uses at the site in Northwest Washington. The vote ensures the city will meet its Aug. 14 deadline for submitting the plan to federal officials …

Brunswick Landing, the redevelopment project at the former Brunswick Naval Air Station, has been awarded a $2 million grant by the Federal Aviation Administration to build new hangars and make other improvements to the general aviation airport the Midcoast Regional Redevelopment Authority opened last year. Brunswick Executive Airport will receive $600,000 to replace military markings on the airfield with civilian ones and $1.4 million to construct a building with hangars to hold 10 private aircraft …

The city of Alameda will craft a detailed plan to develop the Waterfront Town Center area at Alameda Point, the 918-acre reuse project at the former Naval Air Station Alameda, after being awarded a $200,000 grant from the San Francisco Bay Area’s regional transportation planning agency. Winning the grant and developing the town center plan are intended to jump start redevelopment of the property after the city rejected a plan by SunCal Cos. to build up to 4,500 homes there …

The state-supported China Development Bank is in talks with Lennar Corp. to invest $1.7 billion in two of the developer’s high-profile base redevelopment projects in San Francisco, Treasure Island and Hunters Point Naval Shipyard. The discussions are still under way, but a final agreement could accelerate efforts to convert the two former naval bases into large-scale housing projects, reported the Wall Street Journal …