The cost of closing two Georgia military bases could cost as much as ten billion dollars more than initially expected, according to federal officials.
In 2005, the U-S Department of Defense estimated that closing Fort McPherson and Fort Gillem would cost about 21 billion dollars.
According to the U-S Government Office of Accountability, that number now looks more like 31 billion dollars - an increase of about 48 percent more.
Plans are to turn Fort McPherson into a scientific research park.
Local officials say the Fort Gillem real estate south of Atlanta in Forest Park will attract strong interest from the private sector and is best-suited for a mixed-use development blending residential and commercial uses.
Click here for more GPB News coverage of the military's Base Realignment and Closure Program - BRAC.
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Monday, December 24, 2007
Report Cites Rise in Costs of Moving Bases
Posted by
Dave
at
12/24/2007 10:34:00 AM
Labels: BRAC, Fort Gillem, Fort McPherson, GAO