[CPEO-IRF] The price of Ingleside Naval Station (TX)

[Lenny Siegel <lsiegel@cpeo.org>]

[Predictably, local officials in Corpus Christi are asking their 
Congressional delegation for help obtaining the Ingleside Naval Station 
property below market cost. I expect them to be somewhat successful. 
Since this is one of the few major Navy closures left on the BRAC 2005 
list, this would put a large dent in the Navy's market-based disposal 
strategy. – LS]


Port begins effort to regain NS Ingleside

Officials hope area can acquire land at no cost

By Fanny S. Chirinos
Corpus Christi Caller-Times (TX)
September 14, 2005

Port of Corpus Christi commissioners decided Tuesday to begin 
discussions on acquiring Naval Station Ingleside. This is the first 
action the commission had taken regarding the 984 acres since the 2005 
Base Realignment and Closure round began earlier this year.

The port has reversionary rights to the land because it deeded the 
property to the Navy to build Naval Station Ingleside. The deed also 
stipulates the Department of Defense, which owns the property, has the 
option of selling it back to the port at fair market value.

The BRAC commission recommended closing the base in the list submitted 
to the president earlier this month. The president has until Nov. 7 to 
approve or disapprove the list in its entirety. If he disapproves, or 
Congress enacts a joint resolution of disapproval, the commissioners 
must revise their recommendations.

If the recommendation to close Naval Station Ingleside remains, the 
department could decide to hand over the property at no cost or sell the 
land the port.

...

For the entire article, see
http://www.caller.com/ccct/local_news/article/0,1641,CCCT_811_4079573,00.html


--
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
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