Complex sentence: The facility was renamed Beane Air Force Base in 1948, it was closed as a result of budgetary cutbacks on 28 May 1949 with right of re-entry retained by the United States.
Split into simpler sentences: The facility was renamed Beane Air Force Base in 1948. It was closed on 28 May 1949, as a result of budgetary cutbacks, with right of re-entry retained by the United States.