HR&A has helped to reposition numerous military bases facing closure into unique assets that catalyze new economic growth.
From rural counties to urban areas, military base closures through Base Re-Alignment and Closure (BRAC) present significant challenges to communities that must recover from major job losses and determine how to integrate base property into a region’s economic and real estate fabric. HR&A brings a unique ability to traverse the market and policy challenges of base realignment, offering services ranging from market analysis and fiscal impact assessment to development advisory on the conveyance process and the disposition of publicly-owned land.
HR&A utilizes a variety of economic tools to assess market potential in regions surrounding military bases.
HR&A utilizes a variety of economic tools to assess market potential in regions surrounding military bases. Military base closure often has serious implications for the economic vitality of surrounding communities and regional markets. Inherent in these challenges, however, is the opportunity to reposition bases as engines for new economic growth by identifying the competitive positioning in the local and regional economy. We unlock value in communities affected by base closure because we:
- Examine the net fiscal impacts of a base closure to determine potential changes to municipal costs and revenues;
- Structure land transfers and sales of military lands;
- Conduct outreach with key stakeholders so that the BRAC process meets community goals for economic development; and
- Provide development advisory services.