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Base Realignment and Closure (BRAC)
From 1988 to 1995, realignment or closure actions were approved at 387 locations. While such decisions may adversely impact the economies of surrounding communities, they also provide new opportunities for the local economic development utilization of surplus property as part of a community's economic adjustment strategy. OEA offers technical and financial assistance to State and local governments for base reuse plans and studies, staffing, and operating and administrative costs required to facilitate reuse of former military property.
Reusing a military base is frequently the largest and most complex economic redevelopment effort ever undertaken by a community. Reuse creates an opportunity for a community to successfully achieve several goals: diversify a local economy through new job creation; expand the tax-base; and satisfy a range of community needs for new public facilities.
OEA can provide technical and financial assistance to state and local governments directly impacted by a base closure or realignment to develop base reuse plans as well as for follow-on studies and related efforts. Communities where bases close do recover. The majority of base closure communities have been able to absorb the economic loss and show positive economic growth at or above national averages. This is a tribute to the initiative and persistence of local and state redevelopment officials as they take advantage of regional opportunities to create a more diversified economy.
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