Ralph Basile Government Asset

Mr. Basile is a founding Principal and co-owner of Vantage Point Real Estate Development Management, LLC Development Advisors, LLC (Vantage Point Real Estate Development Management, LLC) of Annapolis, Maryland, a real estate development advisory firm which assists public and private clients located both here and abroad with their real estate-related needs. He has over 34 years of experience in real estate development and consulting. Coupled with his extensive development and business experience, Mr. Basile has a broad educational background including degrees in law, city planning and urban economics.

Mr. Basile has broad experience in such diverse fields as market analysis, development programming, economic planning, financial feasibility, development packaging, project funding, project implementation and management. Mr. Basile has been responsible for a variety of development consulting assignments especially during the pre-development and project packaging stages of these endeavors. He has managed hundreds of market research efforts and financial feasibility assessments.

He has also negotiated dozens of development agreements, procured project financing for large- and small-scale projects, managed local development organizations, strategically planned various economic development projects, directed preliminary design services and completed real estate workouts nationwide. His management and technical expertise has been employed through the conceptualization and development of both small-scale and major commercial, recreational, industrial and residential real estate projects carried out solely by private investors and through cooperative business arrangements structured between public and private entities.

In addition, Mr. Basile has conducted dozens of real estate and economic development-related assignments for several government clients over the past 30 years. His experience centers on preparation of analyses supporting asset management decisions as well as subsequent execution of agreements to transfer real estate assets from the government to private entities. To date, total transaction value is nearly $3.4 billion.

Projects located below include those managed and/or completed by Mr. Basile including assignments when he was a Principal or senior technical staff at other consulting firms.

Relevant Selected Projects

• Hotel/Conference Center, Annapolis, MD: Performed a feasibility study for a conference/hotel facility targeting private-sector, government and institutional leadership and business management development and training. Comparable executive conference center/hotel facilities across the U.S. were identified and studied as to programmatic features, rates, room-night demand/occupancy cycles year round and amenities.

• Arlington County Courthouse Arlington, VA: Guided private financing and construction of a new courthouse on a portion of a County-owned site in exchange for the right to develop certain private sector projects on other portions of the site located adjacent to the Courthouse Metro Station on the Orange Line in Arlington; officials retrofitted the buildings with a “green roof” to promote reduced stormwater runoff and to mitigate urban “heat island” impacts.

• Fulton County Government Center, Atlanta, GA: Determined the feasibility of developing a major government complex at a downtown location in Atlanta; used an approach that involved private development of County facilities through a sale-leaseback; represented the County in negotiating financial arrangements and space use precedent to construction with the General Services Administration, the State of Georgia General Services Administration, the State of Georgia, the City of Atlanta and MARTA.

• Transfer of Development Rights Program, Beaufort County, SC: Designed a transfer of development rights (TDR) program to mitigate the risk associated with Marine Corps Air Station Beaufort operation by promoting voluntary reduction of density surrounding the Air Station. Work included conducting market analyses to determine an appropriate sales price for TDRs, developing program specifics, writing program ordinances and creating a brochure to market the program to area residents and interested developers.

• South Station, Boston, MA: Guided an $80M public-private partnership to restore and rehabilitate the historic South Station, one of the busiest US railroad stations, so that the revenues from privately-leased spaces serve to fund transit improvements and maintenance costs.

• Fairfax County Government Center, Fairfax, VA: Guided construction of a 900,000 SF government complex built with private funds after negotiating a swap of pre-planned, pre-approved County land with a private developer who built a residential/commercial development in the remaining portion of the site.

• Northern Virginia Graduate Center, Falls Church, VA: Guided construction of a 105,000 SF brick and glass building with a fiber optic backbone and a downlink capability to serve classrooms jointly operated by the University of Virginia and Virginia Tech on city-owned land next to the West Falls Church Metro Station.

• Government Center, Florence, KY: Investigated the feasibility of developing a multi-use government center on a 44-acre tract of City-owned property in downtown Florence by means of a public-private partnership; assisted the City to secure over $3M in State Department of Transportation funding for road construction and right-of-way acquisition to support development.

• Privately-Funded City Hall Greenville, SC: Provided economic and financial analyses as part of a multi-disciplinary team effort to advise the City on the potential for private sector funding of city administrative space in a downtown mixed-use project.
• HEAT Center, Harford County, MD: Provided financial and real estate advice and guidance for the sale of a 152-acre MDTA parcel. Conducted a pro forma analysis to test cash flows under different disposition options. Initial portions of the site have been successfully developed as a Higher Education and Applied Training (HEAT) Center and high technology business park.
  

Municipal Center, Herndon, VA: Devised an innovative public/private approach to municipal development to minimize the impact of the project on the local tax rate, return excess public property to the private sector, allow the Town to use available debt capacity for other needed public improvements and eliminate the need for direct capital by Town taxpayers; approach involved a “swap” of Town-owned land with a designated private developer in exchange for private funding of new Town administrative space, and since the value of the Town-owned land was not as great, the approach ultimately involved a swap plus a reduced-rate lease between the Town and the private developer.

New Haven City Hall New Haven, CT: Negotiated an agreement with a team of private developers through a sale/leaseback arrangement in which the existing façade of the City Hall was retained while the remainder of the building was replaced with a new 476,000 SF office building.

 Recreation & Lodging Development, Park City, UT:Conducted a study to determine the development feasibility of a privately funded lodging, recreation and conference facility on a 27-acre property in Park City owned by the United States Air Force. The feasibility study has been to solicit developers, lodging managers and property owners in developing the lodging and recreation and conference facility.

Naval Hospital Reutilization Philadelphia, PA: As a part of a multi-disciplinary team, devised a strategy for redevelopment of the Philadelphia Naval Hospital and associated property in partnership with the private sector development community. Conducted site investigations and analyzed market potential for a wide range of commercial and residential uses at the hospital site. Conducted financial analyses of alternative levels of involvement to assist the Navy with determining the most appropriate public-private development.

 Brooks City-Base Financial and Business Development, San Antonio, TX: Created a 10-year financial and funding plan for the Brooks Development Authority (BDA) that involved a multi-year analysis of all operating cash flows, capital plans and investments, and indentified new funding sources from private revenue. This resulted in a series of recommendations to the BDA for a new business development plan that enables financial sustainability and growth.

Federal Reservoir Economic Study, State of Kansas: Assessed the market potential at eight US Army of Corps of Engineers water reservoir lakes across Kansas where the state has leasehold interests in order to cause economic redevelopment in the surrounding communities.

Onizuka Air Force Base Reuse Study, Sunnyvale, CA: As part of a multi-disciplinary team, prepared a conceptual design and business plan for the reuse of an 18 acre Air Force base. Completed a market analysis, evaluated the existing structures on the site, developed alternative redevelopment scenarios, projected infrastructure needs and costs, and completed financial feasibility analysis.

• Troy City Hall Redevelopment Plan, Troy, NY: Evaluated potential reuse options for the Troy City Hall site. The City of Troy has decided to relocate its City Hall. Led the private sector developer project solicitation process which included a Request for Qualifications.
  

No-Cost Economic Development Strategy, Bayonne, NJ: Provided real estate development guidance and completed successful No-Cost Economic Development Conveyance (EDC) Application for more than 600 acres of Department of the Army property strategically located across the river from Manhattan.

 Master Planning Study, Ellsworth Air Force Base, SD: Developed a Master Plan guiding the growth, development and land use for a 64 square-mile study area encompassing Ellsworth Air Force Base, and including segments of four surrounding jurisdictions and the Interstate 90 corridor.

 Sell & Replace Initiative Strategy, Fort Meade, MD: Development of an innovative plan to convert five underutilized Army parcels totaling 200 acres, in joint action with the County, into a 1,000-unit adult services community. The County rezoned the 200-acre site to permit this type of residential development community to be built.

 Greater Louisville Technology Park, Louisville, KY: Led a 10-firm team which privatized-in-place a Navy activity that involved commitments for over 1.3M SF of industrial-related space and precedent-setting environmental standards.

 Utah Industrial Depot, Tooele, UT: Guided securing a no-cost EDC and then causing private reuse of 1,700 acres of the Tooele Army Depot (TEAD); negotiated the sale of a 375,000 SF plant at the site to a subsidiary of the Penske Company and accompanied the first Army transfer of unremediated CERCLA (Superfund).

 Fort Custer Army Base Reuse, Battle Creek, MI: Prepared and implemented an industrial development strategy to induce Battle Creek manufacturing companies to move from obsolete plants around town to the Fort Custer Industrial Park (formerly known as Fort Custer) rather than relocating to southern states; additional funds were raised to create a revolving loan fund to further assist in industrial retention/relocation strategies.

 Economic Diversification Strategy, Fairbanks, AK: Provided an overall strategy and detailed action/implementation plan to diversify the job base for a region too dependent on the public sector after BRAC decisions were made regarding the two military installations located near the communities of Fairbanks and North Pole, Alaska; 50 strategies were recommended to diversify the existing employment base, including the development and implementation of a business accelerator to facilitate technology transfer from the University of Alaska Fairbanks.

 Bannister Federal Complex, Kansas City, MO: Provided redevelopment strategies designed to cause reuse of a soon-to-be-vacated federal property of 5M SF that formerly was an aircraft manufacturing plant now situated in an area experiencing declining demographics.

 Economic Diversification Strategy and Plan, Lowcountry Region, SC: Provided an overall strategy and detailed action/implementation plan for economic diversification after BRAC decisions to attract jobs paying at least the state weekly average to the Lowcountry region; developed strategies to decrease the Region’s economic dependence on the Beaufort area military installations, including Marine Corps Air Station (MCAS) Beaufort, Parris Island MCRD and Beaufort Naval Hospital.

 Libby Base Reserve (BRAC) Study, New Haven, CT: Identified target market uses of the site and developed a diversification plan. Also reviewed the Notices of Interest (NOIs) submitted by homeless advocates and others seeking a public benefit conveyance. The results of this analysis formed the basis of the Homeless Assistance Submission and Redevelopment Plan required by HUD and DOD.

 BRAC–Related CEDS Update (Bi-State), Rock Island, IL: Prepared an update of the Bi-State Region’s (Quad Cities, IL/IA) comprehensive economic development strategy in the context of regional impacts associated with the displacement of 1,500 civilian jobs at the Rock Island Arsenal. The study examined the broad range of economic development resources in the Bi-State area that can mitigate the impacts of BRAC-related activities at the Arsenal.

 Business Assistant Program (Bi-State), Rock Island, IL: Prepared high-probability strategies geared to expanding employment opportunities for BRAC displaced workers at the Rock Island Arsenal. The objective of the study was to assess the capacity of the Quad Cities MSA to absorb highly skilled civilian employees into the local economy, and to otherwise help to ensure that the intellectual capacity represented in this group is retained.

 Kincheloe Air Force Base Reuse, Sault St. Marie, MI: Guided Chippewa County’s creation of an economic development corporation to manage and develop what is today the Chippewa County Airport/Industrial Park after DOD closed Kincheloe Air Force Base; this base conversion effort has been cited nationally as a model for converting closed military bases into civilian use as more than 60% of former military buildings are occupied by 16 industrial manufacturing companies that employ more than 350 people.

Economic Development Plan, Homeless Assistance Resubmission and Redevelopment Plan Willow Grove, PA: Identified target market uses for two outparcel housing areas associated with the NAS JRB Willow Grove base and developed a diversification plan. Also reviewed the Notices of Interest (NOIs) submitted by homeless advocates and others seeking a public benefit conveyance. The results of this analysis formed the basis of the Homeless Assistance Submission required by HUD and DOD.

EUL/Economic Diversification Study, Cape Cod, MA: Completed a two-tiered set of services at the former Otis Air National Guard base and the greater 20,000 acre Massachusetts Military Reservation (MMR) to 1) prepare an economic diversification study and enhanced use leasing (EUL) strategy and 2) prepare a fiscal/economic impact study to support funding agreements among remaining base tenants, including the Coast Guard, Air Force Space Command and Commonwealth of Massachusetts.

Department of Veterans Affairs Project at VAMC Cleveland, OH: Assisted the Department of Veterans Affairs (VA) in one of its first EUL efforts at a VA medical center which consolidated two campuses into one central campus in downtown Cleveland; the selected development team used the value of the lease in order to construct needed facilities near the downtown campus.

MIT-Lincoln Laboratory, Lexington, MA: Guided development of new university/laboratory facilities for the Massachusetts Institute of Technology under a Section 2667 land lease at Hanscom AFB.