|From:||Lenny Siegel <firstname.lastname@example.org>|
|Date:||Sat, 14 Nov 2009 14:26:30 -0800 (PST)|
|Subject:||[CPEO-MEF] REUSE: South Weymouth Naval Air Station (MA) project "stuck"|
Weymouth's SouthField project still stuck on the runway By JACK ENCARNACAO The Patriot Ledger November 14, 2009WEYMOUTH - The agency in charge of the former South Weymouth Naval Air Station has spent about $42 million in the past decade to redevelop the land. But the only new building there is a marketing center - where potential tenants are pitched sites that the developer still can’t access. More than a decade after military use of the property ended, about two-thirds of the developable acreage is still owned and controlled by the Navy.
The lack of progress contrasts sharply with what has happened to closed bases elsewhere. Of the 24 bases the Navy marked for closure in 1995, the Weymouth base is one of only three that have not been transferred out of military hands. Four of the six Air Force bases that were marked for closure that year have been completely transferred, as have 25 of 34 Army bases. Several bases that closed around the same time now boast bustling industrial and commercial development.
The reasons behind the stalemate in South Weymouth center around bad decisions, bad timing and, in some cases, plain bad luck. They include a revolving door of leadership at the base oversight agency, South Shore Tri-Town Development Corp., a funding structure that relies heavily on the bond market, the Navy’s refusal to hand part of the base over for free, and a lack of tax rates for the properties to be developed.
... For the entire article, see http://www.patriotledger.com/business/x206841856/Weymouth-s-SouthField-project-still-stuck-on-the-runway -- 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 <email@example.com> http://www.cpeo.org _______________________________________________ Military mailing list Military@lists.cpeo.org http://lists.cpeo.org/listinfo.cgi/military-cpeo.org
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