Posts Tagged ‘property disposal’

Delaware Sen. Tom Carper said he plans to offer a different solution to expedite the disposal of thousands of unneeded federal properties than the approach approved by the House Tuesday that calls for creating a civilian BRAC commission to review federal properties and make recommendations for consolidations, co-locations, redevelopment or sale. “We share the same goal of better utilizing scarce taxpayer dollars, though I prefer an approach that differs in some respects …

The reuse plan for the former Walter Reed Army Medical Center in Washington is one step closer to gaining approval from the city council after the property’s LRA endorsed the plan last month. Redevelopment likely can’t begin for several years, as the Army is not expected to convey the site for at least 15 months …

The federal government’s hopes to realize up to $15 billion by unloading thousands of excess properties is likely to fall short of expectations, as a majority of its inventory has little commercial value, reports Federal Times. There is only limited demand for the older, empty buildings the government intends to sell …

The first phase of land transfers at the former Fort Monmouth, N.J., is scheduled to be completed within one year, according to the memorandum of agreement reached between the Army and the Fort Monmouth Economic Revitalization Authority …

The Navy last week transferred 992 acres at the former Naval Station Roosevelt Roads to the commonwealth of Puerto Rico via an economic development conveyance. The EDC agreement, reached in December, calls for the Navy to convey a total of 1,370 acres at the 8,700-acre base. In exchange, the commonwealth will pay the Navy $8 million along with 40 percent …

Next week the Navy plans to transfer about 1,000 acres at the former Naval Station Roosevelt Roads to the commonwealth of Puerto Rico, jumpstarting the property’s conversion into an eco-tourist and commercial destination. The scheduled transfer follows the EDC agreement the two parties signed last month for 1,370 acres at the 8,700-acre base located on the eastern tip of Puerto Rico …

In a first for the Army Corps of Engineers’ Savannah District, the disposal of BRAC property resulted in dividing a building between two separate end users. The city of Albemarle, S.C., obtained the Jesse Niven Reserve Center at no cost from the Army, but implemented an unusual reuse plan …

The Fort Monmouth Economic Revitalization Authority approved on Dec. 21 the economic development conveyance agreement it had negotiated with the Army, paving the way for much of the New Jersey installation’s 1,126 acres to pass into private hands over the next 18 months. Under the agreement, the authority will hand over 50 percent of the proceeds from the sale or lease of property to the Army …

The Navy last week completed the closing and initial property transfer of about 680 acres at the former Naval Air Station South Weymouth, Mass., to the South Shore Tri-Town Development Corp. through an economic development conveyance. LNR Property LLC will be responsible for the estimated $25 million cost of the conveyance; about half of the compensation relies on revenue sharing …

Legislation creating a civilian BRAC commission to expedite the disposal of unneeded federal properties would require $198 million in federal appropriations from fiscal 2012-2016, according to a cost estimate released last week by the Congressional Budget Office. About $157 million of that spending would be needed to operate the civilian property realignment commission created by the measure …