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Search Tags: excess property
After more than a year of negotiations, the General Services Administration and business magnate Donald Trump's organization have inked a deal to redevelop Washington, D.C.'s historic Old Post Office Building into a luxury hotel. Now it's up to Congress, which has 30 days to review the agreement, to finalize the deal.
Bipartisan legislation in the Senate aims to streamline the elimination of excess federal properties by setting up a council within agencies and the Office of Management and Budget and creating government-wide property disposal goals.
The process of disposing of properties that have outlasted their usefulness to the government continues to vex agencies. As part of the special report, Rise of the Money People, Federal News Radio examines why the government has struggled with real-property management and the reform efforts on the table that could help make a difference.
The Obama administration Wednesday sent lawmakers a proposed bill that would create an independent commission to dispose of thousands of pieces of federal property that agencies have designated as excess. The administration also posted online a map showing the locations of more than 7,000 of the properties.