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On May 30th the Community Engagement Subcommittee of the McPherson Implementing Local Redevelopment Authority (MILRA) met for the first time on the now closed military base. This was the first meeting that included a representative for East Point’s Semmes Park community.
Currently the Army is paying to maintain nearly all portions of the base, which includes continuing to heat and cool all building interiors to prevent deterioration of existing conditions. In the meantime, MILRA is in negotiations with the Forrest City/Cousins/Integral development team and the Army. The goal is for the Army to transfer the property to MILRA sometime in the first half of 2013 then as individual parcels are sold off the Army would share in the revenue of those sales. It prevents the City of Atlanta & State of Georgia from having to come up with the funds to purchase the land prior to development. By sharing in the revenue as each parcel is sold the Army will also realize a greater profit from the sale of the overall property in the long run.
The City of Atlanta is preparing to assume responsibilities for the overall infrastructure, parks and an area that will serve as a future police and fire academy once the transfer takes place. Police and Fire have already been patrolling the area, public works is prepared to assume the water, sewer & sanitation without hassle while Georgia Power continues to service the base’s electrical needs.
Former U.S. Army Reserve Command Building
The State of Georgia is also preparing to invest in the future of Fort McPherson. The State is preparing to make a bid for the former U.S. Army Reserve Command Building through the issuance of a $16M bond allocation. The building will need to be renovated and may require some additional roof repairs prior to their occupancy. Once open the office building could house up to 1000 state workers which may also demand the re-opening of the now closed South Gate. The State has also issued an additional $4M bond allocation to begin renovating 1000,000 sq/ft of the Joint Forces Command Building to launch the base’s first research facility.
Overall, the base transfer is not expected until mid 2013 if all goes well. There is renewed optimism that interim lease agreements may be in place as early as this fall bringing retailers and workers back to the base before the official transfer next year.
Finally, the Community Engagement Subcommittee is working on a community event on the base this September. Visitors will be able to receive updates on the transition of the base and bus tours will be ongoing throughout the event. Best of all, the entire event will be on base! Stay tuned for updates.
Posted In : Atlanta, East Point, Feed, Fort McPherson, Homepage, Metro Atlanta, News & Reports, Real Estate
This entry was posted on Thursday, May 31st, 2012 at 8:20 am. and is filed under Atlanta, East Point, Feed, Fort McPherson, Homepage, Metro Atlanta, News & Reports, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.