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(Updated August 2012)
With another round of military base closings possibly slated for 2013, we examine the pros and cons of these closings and the effect on real estate and the communities surrounding them. (C. Dodge, Information Specialist)
BRAC (Base Realignment and Closure) Updates
Base Realignment and Closure Commission, (wikipedia.com)
Defense gives up on another BRAC round, for now, (govexec.com, Aug. 7, 2012).
NDAA Passes House, No BRAC in 2013, (wktv.com, May 18, 2012).
How Does a Base Closing Impact a Community?
Military base closures could hit economy, (calwatchdog.com, Feb. 28, 2012).
Military base closures and the towns they leave behind, (dailyfinance.com, Aug. 17, 2010).
Savings in base closings continuing to dwindle, (NewsOK.com, Dec. 13, 2007).
Fighting for survival, (WSJ.com, June 11, 2007).
Real Estate Opportunities, and Tips for Buying Land on Closing Bases
Land windfall, (REALTOR® Magazine, Oct. 2005).
Tips for a smooth base conversion, (Journal of Property Management, Mar./Apr. 2004). Q
Buying closing military bases, (West, 2004).
Potential Dangers on Former Military Base Land
Unexploded ordnance, (wikipedia.com, June 21, 2012).
Cleaning up the toxic legacy of closed military bases, (dailyfinance.com, Sep. 24, 2010).
Unexploded Ordnance: Hidden Danger on Military Bases, (Rand Corporation).
Commentary, UXOs at closing U.S. bases, (United Press International, Aug. 1, 2005).
Air Force hunts for radioactive waste buried at old bases, (Wall Street Journal, June 2, 2003). Q
Useful Websites
Beyond the fence: A REALTORS® Guide to Military Base Closure, Realignment and Encroachment, (florida.edc.org, Oct. 2006).
BRAC Base Realignment and Closure 2005, (United States Department of Defense)—Federal website with updates on the latest news about base closures.
Primer: Understanding Military Base Realignment and Closure, (ABC News)—Facts and figures about what it all means.
Military Real Estate Primer, (Harry H. Kelso, Attorney and Environmental Consultant)—Site includes lists of recent base closures, types of military real estate, and formerly used defense sites.
Community planning and development, (U.S. Department of Housing and Urban Development)—Brief explanation of the The Redevelopment Act.
eBooks & Other Resources
Books, Videos, Research Reports & More
The resources below are available for loan through Information Central. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Information Central at 800.874.6500 for assistance.
Military base closure: a reference handbook, (Westport, CT: Praeger, 2007). HC 79 So6
Military base closures, (Chicago, IL: Novinka Books, 2003). HC 79 L81
Life after defense: conversion and economic adjustment on Long Island, (Picsataway, NJ : Rutgers University. Center for Urban Policy Research, 1994). HC 79r
Field Guides & More
These field guides and other resources in the Virtual Library may also be of interest:
Field Guide to Effects of Hazardous Waste on Property Values
Field Guide to Zoning Laws & Ordinances
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The inclusion of links on this field guide does not imply endorsement by the National Association of REALTORS®. NAR makes no representations about whether the content of any external sites which may be linked in this field guide complies with state or federal laws or regulations or with applicable NAR policies. These links are provided for your convenience only and you rely on them at your own risk.