RealEstateJournal | Norfolk Must Choose Between Development and Air Base
John Mamoudis grew up in the Norfolk, Va., area, so he was accustomed to planes buzzing overhead from the nearby air base. He also didn't think much about how close the 72 luxury condominiums he was planning were to the flight path for the Oceana Naval Air Station.
Then the federal government started making noise about limiting development around the air base. In the hopes of avoiding a showdown, the city council of Virginia Beach, where the project was located, voted to buy Mr. Mamoudis's land for $15 million.
Fort Monroe, on the Chesapeake Bay, has been recommended for closure.
That didn't stop the federal Base Realignment and Closure Commission from issuing an ultimatum that stunned the region, which runs along Virginia's coast from colonial Williamsburg down to Chesapeake, near the North Carolina border. The choice was clear: either roll back development around the Oceana Air Station by condemning...
RealEstateJournal | Norfolk Must Choose Between Development and Air Base
Then the federal government started making noise about limiting development around the air base. In the hopes of avoiding a showdown, the city council of Virginia Beach, where the project was located, voted to buy Mr. Mamoudis's land for $15 million.
Fort Monroe, on the Chesapeake Bay, has been recommended for closure.
That didn't stop the federal Base Realignment and Closure Commission from issuing an ultimatum that stunned the region, which runs along Virginia's coast from colonial Williamsburg down to Chesapeake, near the North Carolina border. The choice was clear: either roll back development around the Oceana Air Station by condemning...
RealEstateJournal | Norfolk Must Choose Between Development and Air Base
posted by Patrick Leblanc at 7:03 PM
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