Latest Updates
FMERA Board Approves Sale of Main Post Chapel to Triumphant Life
Continuing its goal of creating a live-work-play community on the Fort, the Fort Monmouth Economic Revitalization Authority (FMERA) Board this month authorized staff to enter into a Purchase and Sale Agreement with Triumphant Life Church Assembly of God for the Main Post Chapel parcel in Oceanport. Triumphant Life, a 501(c)(3) non-profit corporation, will renovate the […]
2017 FMERA Consolidated Budget Approved
On December 14, the Fort Monmouth Economic Revitalization Authority (FMERA) Board approved the Authority’s 2017 Consolidated Budget to support FMERA’s ongoing mission. This budget aims to expand FMERA’s availability of funding while continuing to control costs and direct spending to advance the Authority on its path toward financial self-sufficiency. “With the acquisition of both the […]
2016: Another Year of Progress at Fort Monmouth
Building upon momentum generated in previous years, the Fort Monmouth Economic Revitalization Authority (FMERA) took steps this year that will impact the Monmouth County region for years to come. FMERA marked a major milestone in November when it closed on $33 million in financing and purchased the balance of Fort Monmouth from the U.S. Army. […]
FMERA Inks Redevelopment and Sales Agreements for Development of Fort
Paving the way for more redevelopment on the Fort in 2017, the Fort Monmouth Economic Revitalization Authority entered into three Purchase and Sale and Redevelopment Agreements (PSARAs) and one Purchase and Sale Agreement (PSA) in 2016. The Authority also issued four Requests for Offers to Purchase (RFOTPs) this year. “As we continue to look for […]
Notice of Date Change for FMERA Public Meeting: December 14, 2016
The December Public Meeting of the FMERA Board has been rescheduled for Wednesday, December 14, 2016 at 7:00p.m. at the FMERA Office, 502 Brewer Avenue, Oceanport, NJ 07757. This meeting will replace the regular Public Meeting previously scheduled for Wednesday, December 21, 2016. Formal action may be taken at this meeting. A copy of the proposed agenda can be […]
FMERA Purchases Remainder of Fort Monmouth From Army
Marking a historic milestone for the Monmouth County region, the Fort Monmouth Economic Revitalization Authority (FMERA) this month purchased the balance of Fort Monmouth from the U.S. Army. With the purchase of the property, FMERA takes possession of the remaining approximately 560 acres on the Fort. “For generations, Fort Monmouth stood as a bastion of […]