Saturday, May 26, 2007

Bainbridge mixed-use development in Port Deposit seen as model for BRAC developments

Delaware's The News Journal newspaper is back on the BRAC case again with a Friday story detailing new development planned on the site of the old Bainbridge naval base in Port Deposit, Cecil County.

From the story:

"As part of a public-private partnership, two Maryland developers plan to create a massive mixed-use community. Construction is expected to begin soon on the first of 1,250 homes that will sprawl across the former base's 1,200 acres.

Located on high ground above the town of Port Deposit, about 35 miles southwest of Wilmington, Bainbridge overlooks the Susquehanna River."

The story says the Bainbridge Development Corp. has owned the property since 1999.

"With 3 million square feet in commercial and office space, Bainbridge is expected to support up to 5,000 jobs and provide Cecil County $22 million in annual tax revenue. One pharmaceutical company based in Newark, AccelaPure, has signed a 10-year lease for a 40,000-square-foot headquarters at Bainbridge.

The development -- to cost an estimated $1 billion -- is being lauded by officials across the state as a model for BRAC developments. Plans call for a massive public trail system for hiking and biking, a fitness center with a pool and a community center."

No comments: