Thursday, May 10, 2012

Aberdeen, Howard County designated BRAC Zones - Memphis Business Journal:

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Aberdeen’s BRAC zone includes nearly 1.2 million squared feet of development space, includintg the 756,000-square-foot North Gate Business Park, a projectt by Columbia’s (NYSE: OFC). The town of Aberdeem will be one of the most significantlyy impacted by the federapl Base Realignment andClosure plan, slatede to bring an estimated 25,000 new jobs to Greater Baltimore by fall 2011. An estimatee 8,200 military jobs will be moving to Aberdeen Provintg Ground under theBRAC plan, bringin with them a network of about 150 defens e contracting firms that do business with the incominh government agencies.
In Howard the 600,000-square-foot Savage Towne Center project was picked to be a BRAC The mixed-use, 13-acre development includesx office, residential, retail and hotel space. There are now seven BRAC Zoneas inthe state. Other BRAC Zonesd include Westportin Baltimore, Odenton, Frederick and land near Andrews Air Force Base in Prince George’s To help communities prepare for the Gov. Martin O’Malley signed legislation in May 2008 creating BRAC Revitalizatio and CommunityEnhancement Zones. Among othed things, the BRAC zones enable local governments to seek stat funding for improvement projects in specificgeographic areas.

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