Page 28 - The MarchLife Story

CASE STUDY: BRAC
FITZSIMONS LIFE SCIENCES DISTRICT
BRAC Base Realignment and Closure Acts of 1988 and 1990.
BRAC sites: Military installations that are being closed or realigned by the US Department of Defense.
5 rounds of BRAC have been conducted over the last 20 years March Air Force Base.
Successful reuse plan re ects a combination of
conditions that best positions property for a long-
term redevelopment. Balances community goals and
objectives. Focuses on job creation and political/regulatory realities. Redevelopment focuses on local economic growth to replace jobs and revenue losses from the realigned bases.
BRAC 1995 Site; of cially closed in 1999 Located in Aurora, Colorado
578 acres adjacent to 25th largest metropolitan area in USA
4,000 military and civilian jobs eliminated Contributed $250M to local and regional economy
The 578-acre Fitzsimons property is the largest medical- related redevelopment project in the nation
University of Colorado Health Science Campus
Fitzsimons BioScience Park
Projected work force of 32,000 by 2032
The caliber of medical care and research is expected to rival Johns Hopkins and the Mayo Clinic
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