United States Department of Defense United States Department of Defense

Press Advisory

Press Operations Bookmark and Share

Press Advisory


IMMEDIATE RELEASE

Release No: 246-94
November 02, 1994

No. 246-P:11/02/94:Assistant Secretary of Defense for Econo

Assistant Secretary of Defense for Economic Security Joshua Gotbaum will hold a media availability at the Long Beach Hilton, 2 World Trade Center, Long Beach, Calif. at approximately 9:15 a.m. (PST) on Wednesday, November 2, 1994. The media availability will follow Gotbaum's remarks (8:30 a.m. PST) to base closure community leaders attending the Department of Defense Base Closure Community Conference. Gotbaum is the DoD official responsible for base closure and base reuse activities.

Gotbaum will discuss two new changes in the closure and reuse process that benefit local closure communities. The changes are intended to speed up the process and shift responsibility for redevelopment activities to local communities.

Specifically, the first change was passage of the Base Closure Community Redevelopment and Homeless Assistance Act of 1994, which addresses homeless interests at the local level rather than on a national level. The second change is a new amendment to a DoD rule that allows the transfer of real estate from the closing base to the local community for economic development and job creation purposes. The transfer of property can now be made at or below the fair market value of the property with or without payment, or with only partial payment at the time of transfer.

The point of contact for the media availability and the conference is Linny Markoff, (310) 983-3400.

Additional Links

Stay Connected