At its December meeting, the Fort Monmouth Economic Revitalization Authority (FMERA) Board approved the Authority’s 2016 Consolidated Budget to support FMERA’s ongoing mission. This year’s budget is intended to expand the Authority’s sources of funding while continuing to control costs and direct spending to advance the Authority on the path toward financial self-sufficiency. “The 2016 […]
2015 was a pivotal year, with the Fort Monmouth Economic Revitalization Authority (FMERA) Board entering into eight Purchase and Sale Agreements & Redevelopment Agreements (PSARAs) with corporations and other entities for the redevelopment of the Fort. “The PSARAs approved this year span a broad spectrum from technology to schools to residential areas,” Director of Real Estate […]
Building upon the Fort Monmouth Economic Revitalization Authority’s (FMERA) goal of bringing a technology cluster to Fort Monmouth, the FMERA Board this month approved entering into a Purchase and Sale Agreement & Redevelopment Agreement (PSARA) with Wayside Technology Group for the Commissary Building and approximately six acres of land in the Oceanport section of Fort […]
The Fort Monmouth Economic Revitalization Authority (FMERA) Board this month authorized FMERA staff to enter into a Purchase and Sale Agreement & Redevelopment Agreement (PSARA) with Kiely Realty Group, LLC (Kiely) for the sale and renovation of the Pistol Range and the Fire & Police Training Area as well as the adjacent Satellite Road Parcel […]
With the support of the governing bodies of its three host communities, – Tinton Falls, Oceanport and Eatontown – the Fort Monmouth Economic Revitalization Authority (FMERA) this month approved an Amendment to the Fort Monmouth Reuse and Redevelopment Plan (Reuse Plan). The Amendment includes the following alternative development scenarios for parcels in Tinton Falls: Correcting […]