Monday, April 19, 2010

Awaiting word on the buyout parameters

Among the loose ends that NOPE anticipates having to tie up as we approach month's end are seeing through the buyout negotiations of the Laurelwood contract and expedient demolition of the Laurelwood military housing complex.

Clearly, the public (i.e. NOPE) will not be a party to private talks between the Department of Navy and Laurelwood Homes, LLC, owner of the 300 townhomes on NWS Earle in question, but we will beat the proverbial dead horse that the homes are worth $17-$20 million, at most. (This range factors a host of costs to Laurelwood against the equivalent annual rents of $3.5-$4 million that Laurelwood received from the Navy for the past 20 years).

NOPE will remain in contact with Congressman Smith and Senator Menendez in tracking the progress of the negotiations and anticipates host a press conference once an agreement is met.

In the meantime, Navy officials contacted us Friday regarding another NOPE Freedom of Information request pertaining to the Laurelwood refinancing agreement of 2002, in addition to the Navy's compliance with oversight recommendations put forth by the Inspector General in 2009, pertaining to the Myers outsource security firm that supplements Earle's base-force protection. These are issues that remain relevant to NOPE's primary concern that unimpeded civilian access and housing at NWS Earle are an obvious security concern.

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