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Watervliet Arsenal

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Watervliet Arsenal
For the Arsenal Business and Technology Partnership (the Partnership), a local development corporation in Watervliet, NY, HR&A led a team to develop a comprehensive strategy for the Partnership to balance its economic development objectives with the preservation of the Watervliet Arsenal, the Army's only large cannon-manufacturing facility, and Benet Labs, an onsite research and development facility. HR&A's work included an assessment of existing mechanisms for executing real property transactions on military property and a strategy for creating public-private partnerships at the site. The real estate strategy identified the Arsenal's commercial value, and prepared a market and a revenue allocation model. The strategy identified industry opportunities, potential funding sources and a management plan. HR&A led discussions with the Army regarding preparation of the Arsenal's implementation plan for new federal economic development programs.


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