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Issues and Alternatives for Cleanup and Property Transfer of Base Realignment and Closure (BRAC) Sites
This report addresses the applicability of innovative approaches from the private sector and other stakeholders for developing environmentally contaminated properties, examines existing program successes, and assesses the potential to improve the BRAC process. Options considered include the use of n...
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Main Authors: | , , |
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Format: | Report |
Language: | English |
Subjects: | |
Online Access: | Request full text |
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Summary: | This report addresses the applicability of innovative approaches from the private sector and other stakeholders for developing environmentally contaminated properties, examines existing program successes, and assesses the potential to improve the BRAC process. Options considered include the use of new tools available to DoD, the Local Reuse Authorities (LRAs) and developers, and other process changes. These new tools include early transfer authority, the no-cost economic development conveyance (EDC), and environmental insurance. Early transfer authority allows Federal agencies to transfer property before all necessary cleanup actions have been taken, The no-cost EDC legislation passed in 1999 permits property to be transferred to an LRA without consideration provided the property is used for job creation. IDA's approach was to identify barriers to successful property transfer and best approaches and ideas that could accelerate the transfer process for existing BRAC sites and future BRAC rounds. While expediting environmental cleanup is a major issue in accelerating the transfer of property, the study looked more broadly at the process, beginning with the announcement of a BRAC round and ending with title transfer to a non-DoD owner.
The original document contains color images. |
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