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Posts Tagged ‘property disposal’

Willow Grove LRA Prepares for Next Steps in Redevelopment

  • December 8, 2013
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The LRA for the former Naval Air Station Willow Grove is eager to move ahead with the redevelopment process as several milestones approach. The Navy is expected to release shortly the environmental impact statement for the property located outside of Philadelphia. “I’m still hoping this month,” Horsham LRA Executive Director Mike McGee told the Hatboro-Horsham Patch. “We certainly want to know what they say about our plan …

Lawmakers Encouraged about Prospect of Moving Legislation to Shed Federal Properties

  • December 8, 2013
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A bipartisan push may be under way to enact legislation motivating the federal government to thin its portfolio of an estimated 14,000 unneeded properties. Multiple efforts since the beginning of 2011 to reform the process for federal property disposal have not advanced, but following a Capitol Hill roundtable last week featuring real estate experts and former federal officials, two lawmakers are eager to try again …

LRA Expects to Complete Deal Soon to Transfer Ft. Gillem

  • December 5, 2013
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The Forest Park/Fort Gillem Implementation Local Redevelopment Authority expects to complete the purchase of the former Army post located outside of Atlanta by the end of February. “We will be closing on the property between Jan. 24 and Feb. 26,” LRA Executive Director Fred Bryant said during a recent meeting of the authority. “The Army will not move the date,” he said …

Winning Developer Refines Master Plan for Connecticut Engine Plant

  • December 3, 2013
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The development team about to purchase the former Stratford Army Engine Plant continues to update its master plan for the site, as it prepares to close the sale of the 77-acre property located at the mouth of the Housatonic River in Connecticut. An executive with Sedgwick Partners, one of the three companies that make up the Point Stratford Renewal LLC partnership, told the Stratford Star the team is beginning to talk with potential businesses interested in the property, including restaurants, hotels, retailers, professional services firms, multifamily housing builders and educational institutions …

Transfer of Ft. Monroe Land to Park Service Not Expected for Several Years

  • November 14, 2013
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The commonwealth of Virginia does not plan to transfer any property at Fort Monroe until the Army completes the required cleanup and, as a result, the National Park Service won’t gain ownership of the 325 acres designated a national monument until 2016 at the earliest. The Army transferred 313 acres to the state in June, but it still is removing contaminated sediment from the moat surrounding the historic stone fort. The state is holding onto the fort until the Army finishes that effort …

Army Inks Deal to Sell Connecticut Engine Plant

  • November 7, 2013
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The Army last week signed a deal to sell the 77-acre Stratford Army Engine Plant to a team of Connecticut developers, likely bringing to a close a 15-plus-year odyssey by the federal government to dispose of the plant located at the mouth of the Housatonic River. The sales agreement outlines the two parties’ responsibilities for cleaning up the heavily contaminated site, addressing the government’s most difficult hurdle in turning over the property …

D.C. Taps Hines-led Partnership to Oversee Walter Reed Reuse

  • November 5, 2013
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District of Columbia officials have tapped a team led by Houston-bases Hines International to convert the former Walter Reed Army Medical Center into a mixed-use campus featuring a town center. The Parks at Walter Reed plan proposed by Hines, along with Urban Atlantic and Triden Development, calls for 2,097 residential units, a mix of townhomes, duplexes and apartments, 250,000 square feet of retail and 20 acres of open space …

Carper, Coburn Point to GAO Report to Promote Bill Streamlining Property Disposal

  • October 27, 2013
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The chairman and the ranking member of the Senate Homeland Security and Governmental Affairs Committee underscored the findings of a new Government Accountability Office (GAO) report on the leasing of federal facilities to promote legislation intended to jump start the disposal of surplus buildings by the federal government. The GAO report calls on the General Services Administration (GSA) to improve how it operates leasing and capital planning programs by providing greater transparency and better management of high-value leases …

Event to Address Potential for DoD to Trim Installation Costs outside of BRAC

  • October 22, 2013
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Faced with finding $1 trillion dollars in savings over the next 10 years, the Defense Department has twice recommended a new round of BRAC as a way to cut bloated overhead costs and reduce excess infrastructure, and twice it has been rebuffed by lawmakers on Capitol Hill. Given congressional intransigence, DoD is forced to look for new ideas when it comes to installation management. To help defense policymakers explore innovative ways for either trimming the department’s real estate holdings or operating them more efficiently, ADC next month is holding a special Defense Policy Forum, BRAC/Alternatives to BRAC: Reducing the Cost of Defense Infrastructure …

Shutdown Costs Fort Ord LRA

  • October 20, 2013
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The local redevelopment authority for the former Fort Ord, Calif., estimates it lost up to $100,000 during the government shutdown due to delays in multiple projects that rely on oversight by federal agencies. “If it’s not $100,000, it’s at least tens of thousands of dollars in consultant time,” said Michael Houlemard, executive officer of FORA. “It’s not the big dollars you hear about, but it is probably $100,000 in impact costs in all of our projects and in the delays …

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