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Shows & Panels
Will budget pressures delay St. Elizabeth's, FDA construction projects
Friday - 2/3/2012, 5:52pm EST
As the Washington Post reported this week, GSA — the federal government's landlord — has proposed a new spending plan to Congress, which could delay construction of the Coast Guard's facilities at St Elizabeth's hospital in S.E. Washington, D.C., and a consolidation of the Food Drug and Administration at White Oak in Maryland.
Art Turowski, a senior vice president with the Government Investor Services group in Jones Lang LaSalle, joined In Depth with Francis Rose to discuss what the new spending numbers mean for the government's large-scale construction projects.
Turowski, a former real-estate senior staffer at GSA, shared his take on what's next.
"The funding slowdown has led commercial real estate analysts to wonder when if ever the government will complete projects like St. Elizabeths…"