Posts Tagged ‘property disposal’

After more than seven years of negotiations with the Army, the munitions manufacturer at the former Kansas Army Ammunition Plant on Saturday accepted the Army’s terms for purchasing 4,112 acres at the site, allowing it to continue operating the plant and preserving the jobs of 150 employees. The move provides a tremendous boost for Labette County in southeastern Kansas, which had been bracing to lose the company’s operation when negotiations over the sale came to a halt earlier this year. At that point, the Army gave Day & Zimmermann until July 31 to suspend operations and vacate the property …

When it comes to the cleanup of the former Chanute Air Force Base, located about 120 miles southwest of Chicago, the village of Rantoul soon will be able to see the light at the end of the tunnel. The Air Force still is cleaning up the base 20 years after it closed, but several parcels should be ready for transfer this year, reports the Rantoul Press. The first transfer of 53 acres, part of the village’s airport property, should be completed this spring. The next transfer will include 180 acres near the Rantoul Business Center and a sports complex. The Air Force plans to transfer the remainder of the property to the village next year, according to the story. First, though, officials from the Air Force and Rantoul need to sign an economic development conveyance.

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 …

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 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 …

Sacramento County and its developer McClellan Park LLC shortly will receive 528 acres of land at the former McClellan Air Force Base in the third early transfer of property at the Northern California base. In addition to accepting the parcel, the county and its developer will take on responsibility for cleaning up the first 15 feet of soil below the surface of the property …

Less than six months after taking back the former Fort Ritchie from its developer, PenMar Development Corp. wants to have a new reuse plan for the 591-acre central Maryland property located just over the Pennsylvania border. The LRA plans to hire a real estate consultant shortly and complete a redevelopment plan later this year …

The Navy last month conveyed two parcels totaling 2,036 acres at the former Naval Station Roosevelt Roads to the commonwealth of Puerto Rico via an economic development conveyance, marking the final property transfer at the base located on the island’s eastern tip. The Navy had conducted public auctions for those parcels on two previous occasions, but neither attempt resulted in a suitable bid …