Why Buy In Fayetteville, NC?

BRAC military base repositioning and military transformation...that's why!

BRAC is the committee that decides which military bases close and which ones remain open and how the troops are transitioned to the remaining bases. Ft Bragg is significantly benefiting from base closures elsewhere in the United States and abroad. The Military Transformation reflects the US Armed Forces changing strategies to adapt to a changing world and has resulted in base closures in some areas and a move toward Rapid Deployment operations, such as those already in place at Ft Bragg. These two key components will have an estimated $6.5 Billion economic impact on our area and in 10 years, that figure is expected to double!

Two major commands will relocate to Ft Bragg (Fayetteville):

• US Army Forces (the commander to all continental US soldiers)
• Reserve Command (the commander to all reserve troops)

By 2011, it is predicted that Ft Bragg will increase its staffing by up to 23,000 additional troops! Pope Air Force base, though originally slated to close, will instead retain about 3,000 troops. By 2008, there will be an estimated $241 million in building projects occurring on Ft Bragg. Ft Bragg will be annexed in the city of Fayetteville sometime in 2006. This will put our population over 200,000!

Another exciting bit of news is that the government has recently approved an Incubator for technology-based businesses that cater to the military. This incubator is expected to produce 5-6 new technologies businesses in the Fayetteville area each year.

Fayetteville has long since been one of North Carolina's best kept secrets. Cold Stone Creamery, a large ice cream franchise, opened a location in Fayetteville last year. That site now boasts the 2nd highest volume of sales, second only to the Manhattan NY location!

Final Thoughts to Consider:

• Ft Bragg is the largest US army base
• 47,849 active military are stationed at Ft Bragg
• 8,142 civilians work at Ft Bragg
• Total Military and Civilian Payroll of $2.3 Billion

In perspective, internationally renowned Research Triangle Park has 39,000 jobs and a payroll of $2.7 billion. There will be an estimated $1.6 Billion spent on major construction projects at Ft Bragg from 2005 through 2009. This investment far exceeds the private sector spent in any North Carolina county. These changes will boost demand for housing, consumer products and services to support the military's increased investment in the Fayetteville area community!