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Developers Offer $18 Million For OLF-8 Property Not Being Purchased By Navy Federal
January 8, 2019
Developers are making an $18 million cash offer for over 500 acres of Navy Outlying Field 8 (OLF -8) not being purchased by Navy Federal.
Hemmer Consulting of Pensacola, 68 Ventures of Spanish Fort, AL, and their affiliated companies have offered $18 million for approximately 530 acres. Navy Federal has offered to purchase the other 100 acres of OLF-8 for $4.2 million once a land swap deal with the U.S. Navy is completed.
Hemmer Consulting’s letter of intent states the companies intend to develop a “mixed-use site that will be mutually agreed upon by both parties”.
The county would be legally obligated to declare the acreage surplus and sell to the highest bidder, according to an email from County Attorney Alison Rogers to county commissioners. She said she is hopeful that the county’s acquisition of OLF-8 will be completed by the end of January.
OLF-8 is on Nine Mile Road, directly west of the current Navy Federal campus.
Comments
12 Responses to “Developers Offer $18 Million For OLF-8 Property Not Being Purchased By Navy Federal”
THE LBC WAS ALSO WORTH 42000 TO 50000. WHY DID NOT THE YOUTH GET THAT SAME DEAL.
tg, Hemmer group is offering $33962.26 an acre
Navy Fed is offering $42,000 an acre
So its value is probably around 80 thousand an acre.
Mixed use is a land zoning category that allows residential and lite commercial in same area as in more cars on the road and not high tech job opportunities with the potential to qualify for grants from the BP oil spill opportunities via TriumphGulf Coast Inc. A developers dream.
To Bob C
Hemmeor is Fred Hemmer also out of Clearwater Florida. He came up plans earlier in the year, he is f/b friends with D2 Underhill and got boxed out of a deal with the school board and Jim Reeves in Pensacola with the USO building and old school district building. Google his holdings.
Underhill spent a lot of time on f/b trying to act like any of the other commissioners involved with Cronley and the landswap on OLF 8 were corrupt while he was the savior. He just wanted to be cut in on the deal though.
Citizen in D1 got hold of all this civic con strong town master plan notions to try to make it what they want in their backyard and demonize Bergosh for following through with the original plans for economic development.
Shaking my shaggy old head and wondering WHO are the individuals involved in the Hemmer Consulting of Pensacola and 68 Ventures???
If this all goes through what does “Mixed Use” really mean?
What will the “We the Taxpayers” obligation be in the final chapter of this tale?
I think a mixed use would be best for the community, not to mention a need for new fire/rescue headquarters, need for grocery, dining, light industrial and a walking trail for beulah. Let’s do this right by the community and people that live here!
tg,
Your math does not add up.(at a little over 10,000 an acre)
$18,000,000 divided by 530 acres= $33,962 per acre
The county should stick to the original plan and make it a high tech commerce park and pursue the Triumph grant for 30 million or so to add to the value of our public land investment.
The people who live there will pressure D1 commissioner to sell it. They want a town square park.
Hemmer contributed to d2 campaign and d2 will bloviate to do him a real estate favor lus probably get in on appraisal dealing and try to make d1 look bad, Same ole story narrative that has been trying to be pushed. Certain citizens and f/b group and coalition been in cahoots with d2.
4 to 1 vote again
and people will try to make our next appointed school superintendent look bad and screw up his re election because they want mixed use development
Commerce park and Bergosh..all the way to the bank and a home-run for all except the NIMBYs and bought and sold self interested d2.
follow the money, check those last minute campaign contributions in October 2018.
Just say no to the offer to sell it to Hemmer or any other bidder. It belongs to the people of the entire county not d1 and we need economic development not related to tourism or the military and a more thriving economy in the county.
I was hoping the county would sell at least 100 acres
to the school board which would able the school board
to build a “new” hight school.
Thus taking a “lot” of pressure off both Pine Forest and
Tate…………….
But, I nothing like that will happen because it makes
good since……….
JLSeale
I guess they won’t be satisfied until every square foot of available land has something built on it in Escambia County. Do they ever look at the traffic situation ? Trust me 4 lanes on 9 mile road is not going to cure it because they keep adding traffic lights.
Dave they have plans for this to have a larger population than Century. At a little over ten thousand an acre we are looking at high density development.
I’m going to get a loan from the town of Century and buy a few acres.