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A Brownfield Redevelopment Partnership

A Brownfield Redevelopment Partnership. Robin Roberts Krieger Greater Oklahoma City Chamber May 23, 2012. Tinker Aerospace Complex. October 23, 2008. General Motors & Tinker. BNSF. TINKER AFB. GM. GM Closing – Now What?. December 2005 meeting with GM

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A Brownfield Redevelopment Partnership

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  1. A Brownfield Redevelopment Partnership • Robin Roberts Krieger • Greater Oklahoma City Chamber • May 23, 2012

  2. Tinker Aerospace Complex October 23, 2008

  3. General Motors & Tinker BNSF TINKER AFB GM

  4. GM Closing – Now What? • December 2005 meeting with GM • Focus on best potential adaptive reuse • UAW Contract Issue • DoD/GM/Union Conversations in 2005 • Tinker AFB Commander conversations in 2005-2006

  5. GM Plant Closing as an Opportunity • Why Tinker Aerospace Complex (TAC)? • The team and how the business case came together • All options for financing explored

  6. General Motors & Tinker • GM Plant is 430 acres with 3.8M SF • Tinker is State’s largest single site employer – 27,000 workers • TAC - engine maintenance, repair & manufacturing; • TAFB will close 69 costly facilities

  7. Structure of the Deal • 50 year lease with option to purchase • $1 consideration & reimbursement for some costs • Tinker responsible for all maintenance, liability, etc. • Long-term lease & Air Force to invest • $50M-$100M over 5 years

  8. Brownfield Negotiations • Air Force is risk adverse (at national/DC level) • GM indicated this was a clean site • Brownfields was best protection • Need for Insurance Policy

  9. Lessons Learned • Document your decision trail  • Understand the entire teams’ perspective & address the issues from their point of view  • Lawyers – they are not usually solutions oriented • The quality of your team • Never assume the military has a good understanding of environmental law

  10. Questions? Robin Roberts Krieger (405) 297-8945 rroberts@okcchamber.com www.okcchamber.com

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