The primary objective of the Department of Defense’s Base Realignment and Closure program initiative (B.R.A.C.); is to reduce DoD costs by closing or realigning a growing number of Air Force, Naval, Army & Marine bases throughout the continental USA. Since 1988 more than 350 installations have been closed. Over the years, much local & state opposition to base closings have been waged and expressed by affected communities and their congressional representatives. Some of the primary reasons include:
- Projected adverse economic impact
- Projected job losses
- Upfront closing costs may be greater than the intended saving
- Future military forces may require additional space.
Moreover, the Local Redevelopment Authority (“LRA”) is essential to the success of communities with regard to redevelopment, organizational consolidation & streamlining (“realignment”). The following LRA related problems & challenges have been expressed.
- The inability to obtaining funding for redevelopment
- The inability to generate feasible and operational development plans
- Local business leaders are unfamiliar with military process, procedures, bureaucracy
- Business leaders unfamiliar with scope of requirements for complex base development
- Business leaders do not have the knowledge & experience re this unique military project
- City officials do not have access to experienced base redevelopment specialists for advice
- They lack the experienced staff to review & evaluate original B.R.A.C closure documents
- Lack mgmt. experience re contaminated base property & required long-term remediation
- Local authority unaware of vast requirements to coordinate & manage base operations
- Such requirements encompass utilities, maintenance, repairs, staffing, reporting, etc.
- There are other unidentified and critical elements (that CMPG can identify & resolve)
- The inability to organize public-private partnerships
- The inability to reconcile competing demands for the assets
- Unrealistic federal appraisals of base assets
- Local funding constraints
- Lack of short term interim leases from the federal government
- Facilities that are not in compliance with local codes
- Land use constraints & conservation issues need to be properly addressed
- Excessive levels of environmental contamination need to be properly addressed
- CMPG is uniquely qualified to evaluate your property based on its B.R.A.C. report
The DoD recently announced the goal of closing or realigning an additional 80 bases in the coming years, representing attractive client advisory opportunities. We at Corsair Merchant Partners Group (CMPG) are uniquely qualified to successfully advise, manage and oversee a base realignment because our senior partner has already successfully succeeded in that process. Please read our value proposition platform “CMPG Value-Driven Client Services”.