[CPEO-IRF] Privatized housing project at Groton (CT) base

[Lenny Siegel <lsiegel@cpeo.org>]

The article discusses a privatized military housing project at the 
Groton Submarine Base in Connecticut. The focus, as one would expect, is 
on how this aspect of closure affects the Defense Department's finances 
- as a potential reason not to close the base.

But the issue is broader. How will privatized housing complexes affect 
communities' planning for reuse? And what does closure do to the 
economic viability of these projects from the developers' point of view? 
Is there any downside that will discourage developers from undertaking 
similar projects on bases that might close later?

LS

*******

BRAC probes housing project

By RAY HACKETT
Norwich Bulletin (CT)
August 5, 2005

The Groton submarine base broke ground in February on a massive overhaul 
of its military base housing.

The Navy and GMH Military Housing LLC entered into a 50-year lease with 
plans to renovate more than 600 existing units and construct 1,200 new 
units at a cost of nearly $300 million.

Three months after the work began, the Pentagon released its base 
closing list, targeting the Groton facility for closure. The independent 
Defense Base Closure and Realignment Commission is now questioning that 
private-public partnership, asking if the base closure might result in a 
financial liability to the Navy that could reduce significantly any 
projected cost savings.

The Navy has responded by saying it would not.

...

For the entire article, see
http://www.norwichbulletin.com/apps/pbcs.dll/article?AID=/20050805/NEWS01/508050314/1002


--
Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
http://www.cpeo.org
_______________________________________________
Installation_Reuse_Forum mailing list
Installation_Reuse_Forum@list.cpeo.org
http://www.cpeo.org/mailman/listinfo/installation_reuse_forum