As the Dept. of Defense (DoD) prepares for the 2005 base realignment & closure (BRAC) round, questions continue to be raised about the transfer & environmental cleanup of unneeded property arising from the prior 4 BRAC rounds & their impact on cost & savings & on local economies. This report describes DoD's progress in implementing prior BRAC post-closure actions. It addresses: (1) the transfer of unneeded base property to other users, (2) the magnitude of the net savings accruing from the prior rounds, (3) estimated costs for environmental cleanup of BRAC property, & (4) the economic recovery of communities affected by base closures. Charts & tables.