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2016 FMERA Consolidated Budget Approved

At its December meeting, the Fort Monmouth Economic Revitalization Authority (FMERA) Board approved the Authority’s 2016 Consolidated Budget to support FMERA’s ongoing mission. This year’s budget is intended to expand the Authority’s sources of funding while continuing to control costs and direct spending to advance the Authority on the path toward financial self-sufficiency. “The 2016 […]

2015 in Review: Eight Purchase and Sale & Redevelopment Agreements Authorized in 12 Months

2015 was a pivotal year, with the Fort Monmouth Economic Revitalization Authority (FMERA) Board entering into eight Purchase and Sale Agreements & Redevelopment Agreements (PSARAs) with corporations and other entities for the redevelopment of the Fort. “The PSARAs approved this year span a broad spectrum from technology to schools to residential areas,” Director of Real Estate […]

Board Approval of Plan Amendment Allows Alternative Development Scenarios in Tinton Falls

With the support of the governing bodies of its three host communities, – Tinton Falls, Oceanport and Eatontown – the Fort Monmouth Economic Revitalization Authority (FMERA) this month approved an Amendment to the Fort Monmouth Reuse and Redevelopment Plan (Reuse Plan). The Amendment includes the following alternative development scenarios for parcels in Tinton Falls: Correcting […]

Purchase and Sale Agreement for Russel Hall Furthers FMERA’s Plan to Create Technology Hub at Fort Monmouth

Reinforcing New Jersey’s commitment to bolstering innovation within the Garden State, the Fort Monmouth Economic Revitalization Authority (FMERA) Board this month approved FMERA staff entering into a Purchase and Sale Agreement & Redevelopment Agreement (PSARA) with TetherView Property Management, LLC for Russel Hall and its associated parcel. TetherView, a private cloud computing services company, currently […]