Background on Installation
The closure of Fort McPherson, as stipulated by the 2005 Base Realignment and Closure (BRAC) actions, resulted in an estimated loss of 7,123 jobs, (4,303 direct and 2,820 indirect jobs) between 2006 and 2011 in the Atlanta-Sandy Springs-Marietta, Georgia metropolitan statistical area. Fort McPherson encompasses approximately 487 acres. Named after Major General James Birdseye McPherson, this fort was founded by the U.S. Army in September 1885. During World War I, Fort McPherson was used as a camp for Imperial German Navy prisoners of war.
Property Reuse - Disposal
The 487 acres at Fort McPherson are envisioned as a multi-phased, mixed use redevelopment area featuring a 113-acre parcel for a “Life Sciences Crossroads Center;” a world-class green space with publicly available amenities; a National Landmark (historic) District with residential, office and other uses; and complementary sub areas with residential, commercial, retail, mixed-use,and commercial uses. The “Life Sciences Crossroads Center” and the job-generating activities associated with the mixed use spaces on Fort McPherson’s land were identified with a view toward establishing a leading regional biosciences and technology hub. Moreover, the proximity of the site to Hartsfield-Jackson Atlanta International Airport (the world's busiest airport), the downtown areas of Atlanta and East Point, and two Metropolitan Atlanta Rapid Transit Authority (MARTA) stations provides an excellent opportunity for this project to serve as an attractive location for a wide range of other commercial business activities. In order to allow Ft. McPherson to meet its full potential, the McPherson Implementation Local Redevelopment Authority (MILRA) is pursuing a long term public-private partnership ("P3") framework.
The “Life Sciences Crossroads Center,” a potential Economic Development Conveyance (EDC) parcel, would build on the presence of the nearby Centers for Disease Control and Prevention, and focus on the next generation of vaccines. It would serve as the hub of research and development with spokes to the state’s research universities and their scientific talent. The planned Center will contain 2.4 million square feet of office and lab space and more than 1,000 units of high density residential space in a campus-style environment. It is estimated that the Center will require significant investment by public and private partners to draw researchers, technology, training, and facilities over the next 10 years. The MILRA believes that Tax Allocation District (TAD) funding is essential to finance infrastructure and development of the property. The MILRA has received both state support and participation in this effort.
Between the reuse plan’s adoption in June 2007 and a favorable HUD determination in September 2011, local, state and national economic conditions changed dramatically, affecting many of the assumptions behind the reuse plan and its recommended conveyance via EDC and public sales with required development agreements. Negotiations between Army and the Local Redevelopment Authority are ongoing as a result.
For more information on Fort McPherson and how it is partnering with the local community to address these challenges, click here.