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Redevelopers Have Reached Agreement With Army on Fort Monmouth

A special public meeting will be held Dec. 5 to discuss the agreement before it is approved.

It's been a long, long time coming, but Fort Monmouth's redevelopers say they finally have an agreement with the Army in hand that will spell out the details of the transfer of the property, a key step in it being redeveloped for civilian use.

The board of the Fort Monmouth Economic Revitalization Authority will hold a special meeting Monday to discuss the agreement that is scheduled to be voted on at its regular meeting on Dec. 21.

"We wanted to give the public the information with plenty of time to review it before the vote at our regularly scheduled meeting," FMERA's Program Director, Rick Harrison told Patch in an e-mail earlier this week.

The  and the  are the two biggest pieces to the redevelopment puzzle. They'll spell out how proceeds from the sale are split between the Army, which still owns the property, and FMERA, which is charged with the redevelopment and will act as the fort's marketer and/or broker.

Here are a few questions Patch is hoping to have answered at the meeting:

  • What percentage of the proceeds will FMERA get to pocket for the purpose of redevelopment?
  • When can we expect to see the real estate deals start popping?
  • When does FMERA expect the first jobs to roll in?

According to FMERA, there will be no action taken at this special informational meeting, which will be held at 7 p.m. Dec. 5 at the Tinton Falls Municipal Building.

Bob English December 04, 2011 at 08:41 PM
Thanks for bringing this to everyones attention. It would be nice if the FMERA website noted this on their homepage where the updates are listed instead of just showing it on the schedule page which people are not very likely to go to.
Sal December 07, 2011 at 11:02 AM
I sure would be nice if every month we the taxpayers were given a running total for ALL of the costs that the towns, county and state have paid out so far. What is FMERA costing us per month? How much money are FMERA members paid, what are the meeting recording costs? What amount on money is being spent on State Police protection at the Fort costing us each month? How much money are all the studies and appraisals costing us each month? It sure is sad that those in charge of this White Elephant and the our fiscally responsible governor do not feel that We taxpayers have any Right to Know all of the costs so far by providing us with a running total.

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