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BAYONNE, NJ-The Bayonne Local Redevelopment Authority has big plans for the former federal Military Ocean Terminal here, a US Army logistics base that has been shut down for several years now. Indeed, the LRDA has $32 billion worth of mixed-use commercial plans for the prized 430-acre site (see earlier stories).

The final barrier to jumpstarting those plans–ownership of the tract–has fallen by the wayside with Joseph Whitaker, acting deputy assistant secretary of the Army, signing the deed over to LRDA, with authority chairman Howard Fitch doing the honors on behalf of the city.

Sitework on the waterfront site had already begun earlier this year, with the federal government providing about $11 million to help with the environmental cleanup. The site will eventually be a mix of office and retail space, residences, parks and recreational areas and a port facility. But the estimated $32 billion cost won’t be paid overnight; it’s expected to take at least 20 years to fully develop the former MOT site.

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