Sunday, August 11, 2013

Hopes high for land swap deal

Chamber eyes land near Navy Federal
Credit Union campus. GCAC photo
PENSACOLA, Fla. -- The Greater Pensacola Chamber is working on a project to acquire 640 acres of Navy land in Escambia County's Beulah community and turn it into a commerce park. In exchange, the chamber would provide the Navy with 640 acres of land in neighboring Santa Rosa County near Milton's Naval Air Station Whiting Field. The land the chamber wants is used for military helicopter training and adjacent to the 308-acre Navy Federal Credit Union campus. The chamber sees the land, close to Interstate 10, as a potential lure for businesses, especially those linked to the Airbus assembly line being built in nearby Mobile, Ala. If everything falls in place it will take two years to complete. Still needed is final purchase of the Santa Rosa County land, improvements to suit the Navy's Training Wing 5, and final approval of the swap by the Navy. The project cost is between $16 million to $25 million. (Source: Pensacola News Journal, 08/11/13)