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The LRA for the former Memphis Defense Depot, Tenn., has agreed to sell 260 acres at the site containing 4.2 million square feet of industrial buildings to Mayfield Properties LP for $35.8 million. The Memphis Depot Business Park had been on the market for five months …READ MORE
President Obama on Friday proposed a variety of programs, including tax credits and a “reverse boot camp,” intended to make a dent in the number of unemployed military veterans. As of June, one million veterans were unemployed; the unemployment rate for post-9/11 veterans was 13.3 percent …READ MORE
The Army will reduce the size of its civilian workforce by more than 8,700 people by September 2012, with Installation Management, Army Materiel and Training and Doctrine commands, and the department’s headquarters, absorbing 80 percent of the cuts. All together, the cutbacks will affect more than 30 different commands and agencies …READ MORE
Massachusetts Sen. Scott Brown last week introduced companion legislation to a measure moving in the House that would slash thousands of unneeded federal properties via a Civilian BRAC Commission. Brown has been working with Rep. Jeff Denham, whose bill, H.R. 1734, was approved in May by the House Transportation and Infrastructure subcommittee that he chairs …READ MORE
The Pentagon’s budget probably could be cut by up to $500 billion over 10 years, but dramatic reductions in defense spending beyond that would prevent the military from replacing aging weapons systems and remaining a global superpower, writes Michael O’Hanlon, a senior fellow at the Brookings Institution …READ MORE
Officials in coastal North Carolina expressed disappointment at the news that two squadrons of Navy F/A-18 Super Hornets slated to move to Marine Corps Air Station Cherry Point will instead be based at Naval Air Station Lemoore, Calif. The 12-aircraft squadrons would have generated an estimated $30 million annual economic impact …READ MORE
The enormous infusion of personnel at Fort Bliss will increase the post’s population from 25,000 soldiers now to 30,000 by 2014, establishing the installation as one of the Army’s premier “power projection platforms,” Bliss’ commanding general said Wednesday …READ MORE