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Posts Tagged ‘property disposal’

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 …

Rantoul Nears Final Agreement over Transfer of Former Chanute AFB

  • October 11, 2013
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The Air Force has sent the village of Rantoul, Ill., an economic development conveyance (EDC) for the former Chanute Air Force Base, bringing a property transfer closer to its final step. The conveyance, coming 20 years after the installation was closed, would help the village redevelop the base by providing greater flexibility to generate revenue through leasing and property sales. “It’s good to finally get these documents,” Mayor Chuck Smith told the News-Gazette. “It goes to the reduction of the footprint of the Air Force and the EDC process of property transfer itself, demolition of the steam plant and demolition of White Hall,” added Village Administrator Bruce Sandahl.

Navy Transfers East Bank Portion of Support Activity to New Orleans

  • October 8, 2013
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The Navy on Friday transferred the portion of the Naval Support Activity site on the east bank of the Mississippi River to the city of New Orleans. The 25-acre facility, located in Bywater, was slated to be turned over through a no-cost economic development conveyance, reported the Times-Picayune. The Navy shuttered it two years ago after it was designated for closure during the 2005 BRAC round. The city plans to convert the site, which includes three large buildings with a total of 1.5 million square feet of space, into a resiliency center, a hub for disaster relief agencies to deliver services and supplies during a catastrophe. City officials still are working out a partnership agreement with the master developer, EMDRC Partners, according to the story.

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