2009 CPEO Military List Archive

From: Lenny Siegel <lsiegel@cpeo.org>
Date: Wed, 29 Apr 2009 10:49:23 -0700 (PDT)
Reply: cpeo-military
Subject: [CPEO-MEF] REUSE: South Weymouth (MA) Financing
Weymouth air base developer extends financing deadline
Air base developer now wants to see 'viable' plan for financing by May 29

By Jack Encarnacao
Quincy Patriot Ledger (MA)
April 25, 2009


The company redeveloping the former South Weymouth Naval Air Station has given the agency that oversees the base another month to develop a "viable" financing plan.

LNR Property Corp. warned South Shore Tri-Town Development Corp. at the beginning of April that it might develop only a portion of the sprawling SouthField project unless Tri-Town came up with a plan that would enable LNR to get returns on its investment.


LNR says it has invested about $72 million in building infrastructure at the 1,400-care base, about 835 acres of which the U.S. Navy still owns.


For the entire article, see


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918

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