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Governor’s Principles for Fort Monroe. Respect Fort Monroe’s history Maintain Public Access Achieve economic sustainability.
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Governor’s Principles for Fort Monroe Respect Fort Monroe’s history Maintain Public Access Achieve economic sustainability
Programmatic Agreement identifies five management zones and provides preservation guidelines and rehabilitation standards. Management zones incorporated in the Reuse Plan. Interpretative Master Plan will define the process for story telling of historic events, museums and tourism. Historic resources will be preserved. Area inside the moat has highest protection. The Historic Village contains most of the historic buildings. Respect Fort Monroe’s History
New design for entrance, parking and improved road grid will invite entry and circulation for the public use. Reuse Plan opens Fort Monroe to public use with a large open-space park in the green zone. Expand marina, open beaches, develop/expand hiking trails Maintain Public Access
Historic resources will be marketed with long-term leases to be adaptively reused using historic preservation tax credits. Plan will achieve a mix of residential, lodging, office, and light retail. Land use plan calls for limited new construction. Control height, geographic extent and architecture. Blend culture, commerce, workplace, housing, tourism, lodging Achieve economic sustainability
External influences BRAC Timeline-Reuse Plan and HUD agreement by August 2008 are complete Army’s Section 106 Programmatic Agreement by August 2008 is very near completion
National Park Service • Resources of Fort Monroe likely to meet criteria as potential unit of NPS • Due to cost/other factors, entire resource base of Ft Monroe not likely feasible for NPS designation • Further Study recommendation deferred by NPS pending review of FMFADA Reuse Plan. • FMFADA formally requested NPS interpretive reuse planning and technical advice.
National Environmental Policy Act • Primary Stakeholders: US Army, VDEQ, VDOT, FMFADA, Commonwealth • Army will lead NEPA effort and has committed to completing an Environmental Impact Statement (EIS) for the closure of Fort Monroe (12-18 months) Begin in 60 days
Environmental Cleanup • Primary Stakeholders: US Army, VDEQ, FMFADA, and Commonwealth • Additional Stakeholders: VDHR, Additional TBD Agencies, and the public • US Army required to fund investigation and cleanup under BRAC law • Planned future uses identified in Reuse Plan will be considered by VDEQ when developing cleanup requirements
City of Hampton Working Relationship • Cooperative Agreement with City to provide in-kind services. Served as Fiscal Agent through FY08. • Regular meetings with City Staff. Lead negotiations with area Homeless assistance providers • Two City council members assigned to FMFADA (non-voting) Seven members appointed to FMFADA Board by City • Economic impact analysis with Consultant Team
Real Estate planning and budget impacts • Establish Virginia’s long-term plan for governance of Fort Monroe (workshop to explore strategy with State Departments). Plan for phased implementation. • Anticipate need for Fort Monroe line item in state budget to fund interim seed money to develop, manage and market the property beginning in July, 2009.
Living in Virginia’s historic seaside town • Lease the remarkable collection of historic homes and buildings • Select buildings for visitor's services inside moated fort • Short-term leases and vacation rental of Wherry housing units • Change North gate from industrial to residential
Cost to Operate Fort Monroe The U.S. Army currently budgets approximately $15 million to operate and maintain Fort Monroe After transfer to the Commonwealth in late 2011, many of these costs will be paid for by Fort Monroe’s tenants Public services may be provided by the City of Hampton pursuant to an agreement to be negotiated with the FMFADA
Potential FMFADA Cash Flow • FMFADA will identify buildings “ready to go” to generate immediate cash flow • A master developer may be solicited and engaged to handle marketing, development, and management of Fort Monroe’s real property assets • Preliminary financial forecasts indicate that FMFADA’s long-term financial position will be strong: • Over 20-year period, real estate proceeds could generate approximately $50 million above operating and capital costs identified-to-date