Session 2.2: The Base of the Future
Thursday, May 4, 2017
11:15 a.m. - 12:15 p.m. EDT
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Planners attending this session will learn how pro formas and financial models are developed to support a base of the future concept. The session will focus in Part I on the foundational requirements for the base of the future, which is an actual base replete with the facilities required to support the mission and appropriate quality of life functions, which may include housing, shopping, lodging, and barracks. The key from a financial perspective is leveraging the available assets, which include land value and regular income streams to fund construction and maintenance of the base of the future. This requires an understanding of key financial modeling concepts, which will be discussed in some detail in Part II of the session. These concepts include net operating income, yield, debt coverage ratios, sources, and uses. The final part of the session will present an actual case study at US Army Garrison Miami. This sesssion is very important to FPD members because it will show them an alternative scenario for funding installations outside of the normal MILCON route. It will give them the language necessary to understand development pro formas and the arguments that can be made to justify a complete base of the future that can address concerns regarding privatized bases and decanted communities.
Mark Gillem, AICP
Invited SpeakerPlanner, The Urban Collaborative
Joshua Schiffer, email@example.com