Asia ex Japan securities by Macquarie

By Macquarie

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The key issue with respect to industrial contaminations of the property was not whether they could be adequately handled, but rather revolved around the amount of time and money required to complete corrective actions. 7 Property Ownership Philadelphia officials complained that there would be limited opportunity to restructure the shipyard—and thereby attract private companies—so long as the Navy retained ownership of the facility. , the Office of Economic Adjustment, the Economic Development Administration, and the Department of Labor.

The Navy, however, continues to retain a small fire-fighting capability to support its own facilities, and there is a reciprocal agreement between the city and the Navy to help each other in fighting fires. ) In addition, the Navy takes care of its internal police matters. PIDC provides security guards at the shipyard’s front gate, and Philadelphia police conduct roving patrols and handle all calls from yard tenants. , the guards at the Kvaerner Shipyard gates). ______________ 10 The Navy recognizes four categories of legal jurisdiction: exclusive jurisdiction, partial jurisdiction, concurrent jurisdiction, and proprietary jurisdiction.

Despite the complexity of the project, Philadelphia had one major advantage: unlike other installations that were declared as excess, the Philadelphia Naval Shipyard was entirely within one jurisdiction. On the other hand, city officials understood that reuse planning success depended on achieving a political consensus among all the interests in the region that would be affected by PNSY’s closing, the better to present a united front in negotiations with the Navy (Lukefahr, 1995, pp. 44–45). To lead and coordinate the planning effort, Philadelphia Mayor Ed Rendell looked to two organizations: the Commission for Economic Development and the Office of Defense Conversion.

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