[CPEO-IRF] Brunswick (ME) home buy-out

[Lenny Siegel <lennysiegel@gmail.com>]

Army Corps to buy BNAS family homes

Seth Koenig
Brunswick Times Record (ME)
September 21, 2007

BRUNSWICK - An Army Corps of Engineers home buyout program is expected 
to help the Mid-coast region avoid a housing market flood caused by the 
mass relocation of Navy families, said the president of the Merrymeeting 
Board of Realtors.

As Brunswick Naval Air Station approaches its 2011 closure, the exodus 
of military personnel and their families could leave an estimated 300 
off-base housing units vacant. If that number hits the market within a 
small enough window of time, the supply will far exceed the demand and 
sellers will be forced to take a heavy loss on their homes in order to move.

Under the Army Corps' plan, which is expected to be announced soon, 
qualifying military families - or civilian families relocating with the 
Navy personnel to Jacksonville (Fla.) Naval Air Station - will be able 
to sell their homes to the Army Corps.

...

For the entire article, see
http://www.timesrecord.com/website/main.nsf/news.nsf/0/46C414A8ED6EA45B0525735D005442F4?Opendocument

--


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
<lsiegel@cpeo.org>
http://www.cpeo.org


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