How is the reuse of the former Fort Ord being financed?

financed fort ord reuse
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How is the reuse of the former Fort Ord being financed?

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A.Under California law, FORA and the land use jurisdictions receiving land at the former Fort Ord are responsible for arranging or providing financing of the basewide costs for replacing or constructing new roads, constructing the reclaimed water system(s), conserving selected areas for native habitat, upgrading or replacing other infrastructure systems, and removing/rehabilitating 1,200 former military barrack and other buildings (as required under the Base Reuse Plan, by federal law, or by agreements with the local jurisdictions). To date, the majority of funds for required reuse activity has come from federal, state, and local government grants. As reuse proceeds, local and user fees will provide additional funds, as will fees charged for the development that is planned for the area. Up Q. What are the main economic barriers to reuse? A. Delay and restrictions are probably the most important and costly factors affecting reuse of the former Fort Ord. There is a high demand and short

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