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The Loring Development Authority has been awarded $1.1 million from the Economic Development Administration for critical repairs and infrastructure upgrades to the water distribution and treatment systems that serve the Loring Commerce Centre in Limestone, Maine. The improvements are needed to ensure that Loring has a reliable water supply, and allow for continued expansion of the business park …READ MORE
Clark County officials are trying to reach an agreement with the Army that would allow workers to continue clearing munitions and explosives of concern from Camp Bonneville, located in western Washington just over the Oregon border. Work stopped last May under a $28.6 million fixed-price contract signed in 2006 due to a dispute between the county and its contractor over cost overruns and improper expenses …READ MORE
Because it calls for cash payments from the developer to be deposited in an escrow account controlled by the Army rather than the U.S. Treasury, the master agreement employed to lease property under an enhanced use lease at Picatinny Arsenal, N.J, fails to comply with the federal statute authorizing the EUL program, according to a recent decision issued by the Government Accountability Office …READ MORE
For First Lady Michelle Obama, the 2008 presidential campaign trail provided a front-row opportunity to learn about the challenges of military life and the struggles of military spouses — along with military mothers, grandmothers and sisters. Before the general election, she decided if she became first lady, she would use the position to “shine a light” on issues associated with military families …READ MORE
The Federal Reserve Bank of Richmond has published a well-researched examination of the economic growth occurring at several mid-Atlantic installations gaining new missions as a result of BRAC, along with the burden neighboring defense communities are striving to meet to accommodate the influx. Overall, regions with higher manufacturing and retail shares — and in those that already receive a large share of military prime contracts — are best positioned to benefit from military growth …READ MORE
J.P. Morgan Chase will pay $27 million to settle a class-action lawsuit claiming the bank overcharged service members for their mortgages. The Servicemembers Civil Relief Act bars lenders from charging active-duty members of the military more than 6 percent interest on their mortgages, as well as foreclosing on their homes during their service …READ MORE
While commanders at Aberdeen Proving Ground, Md., are confident that the $1 billion worth of BRAC construction projects at the post will be finished by the Sept. 15 implementation deadline, officers there raised several outstanding concerns last week during a meeting with Sen. Barbara Mikulski. For one, the Army has identified seven local intersections that need to be upgraded at a cost exceeding $100 million …READ MORE